Zombie Projects Are Now Expanding Outward.

During the Two Sessions parliamentary meetings, the government unveiled a major policy shift. Departing from decades of outward city expansion, the new People-Centered Urbanization strategy focuses on urban renewal. This involves renovating aging residential compounds, upgrading urban villages, and improving infrastructure lifelines like digital governance and fire safety in high-rise buildings. This strategy is designed to stabilize the property market by focusing on affordable housing and finishing existing zombie projects rather than launching massive new developments.

©YovaniBernard