This photo taken on Nov. 25, 2022 shows a view of the Bada community after renewal in Xixiu District of Anshun City, southwest China's Guizhou Province. (Xinhua/Li Jingya)
The scene after the renovation of a community in Xixiu District, Anshun City, Guizhou Province.
The China Development Bank (CDB), a major policy bank in the country, has stepped up loan support for urban village renovation projects nationwide.
Recently, the National Development Bank (CDB) has increased its loan support for the reconstruction projects of villages in cities across the country.
As of Thursday, the bank had issued 61.4 billion yuan (about 8.65 billion U.S. dollars) of special loans to 271 projects in 33 cities including Beijing, Shanghai, Guangzhou and Wuhan, data from the bank showed.
As of March 7, the Bank had issued 61.4 billion yuan of special loans for urban village reconstruction. It was reported that the special loans issued involved 271 projects in 33 cities, including Beijing, Shanghai, Guangzhou and Wuhan, benefiting about 360000 households in urban villages and supporting the construction of 695000 sets of resettlement houses.
These projects had benefited about 360,000 households and had supported the construction of 695,000 housing units for people displaced by urban transformation, the CDB said.
The National Development Bank said that these projects benefited about 360000 households in urban villages and supported the construction of 695000 resettlement houses.
The bank added that it issued the first batch of such loans on Jan. 30 this year, which amounted to 9.08 billion yuan.
On January 30 this year, the National Development Bank issued the first batch of special loans of 9.08 billion yuan for urban village reconstruction, supporting nearly 100 urban village reconstruction projects.
The central economic work conference, which was held in December last year and set the country's economic policy priorities for 2024, underlined efforts to advance the construction of affordable housing and public infrastructure for both normal and emergency use, as well as urban village renovation.
Since 2023, the Development Bank has set up special work teams to actively implement financial support policies, formulate internal credit policies at the same time, build a multi-level, normalized and efficient communication mechanism with local governments, coordinate with them to make overall planning, and promote project implementation in compliance. The Central Economic Work Conference held in December last year identified China's economic policy priorities in 2024, emphasizing that efforts should be made to promote the construction of affordable housing and emergency public infrastructure, including the reconstruction of urban villages.
Source: Xinhua
Editor: Chen Dawei
Senior Editor: Pang Bo
