Qin Haixiang, Deputy Minister of the Ministry of Housing and Urban-Rural Development: China's urban development is shifting towards both improving the quality of existing resources and adjusting the structure of new resources, entering an important period of urban renewal.

On May 20th, Qin Haixiang, Vice Minister of the Ministry of Housing and Urban-Rural Development, stated at a press conference of the State Council Information Office that since 2021, the government work reports every year will deploy actions for urban renewal and put forward clear requirements. Currently, China's urban development is shifting from large-scale incremental construction to inventory quality improvement and structural adjustment with equal importance, entering an important period of urban renewal where the needs of the people are shifting from "whether there is or not" to "whether it is good or not". Qin Haixiang stated that implementing urban renewal actions is to promote the optimization of urban structure, improve functionality, and enhance quality, promoting high-quality urban development. At the same time, it can effectively drive investment and consumption, expand domestic demand, continuously meet the needs of the people for a better life, and has very important significance for promoting economic growth and further ensuring and improving people's livelihoods.