In 2021, local governments across China issued more than 440 billion yuan worth of special bonds dedicated for the reconstruction of rundown urban areas, representing an increase of around 50 billion yuan from the previous year. While standing on land with higher value, residential housing in the heart of major Chinese cities can often be found in rundown conditions. Over the last two decades, local governments across China regularly cooperated with real estate developers to demolish rundown neighborhoods before building high-rise apartments for sale. Owners of the original buildings were typically offered new units in the reconstructed properties or compensated monetarily.
Annual issuance value of special bonds dedicated for rebuilding of rundown urban areas in China between 2018 and July 2022
(in billion yuan)
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21st Century Business Herald. (July 26, 2022). Annual issuance value of special bonds dedicated for rebuilding of rundown urban areas in China between 2018 and July 2022 (in billion yuan) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1286766/china-urban-renewal-special-bonds-issuance-value/
21st Century Business Herald. "Annual issuance value of special bonds dedicated for rebuilding of rundown urban areas in China between 2018 and July 2022 (in billion yuan)." Chart. July 26, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1286766/china-urban-renewal-special-bonds-issuance-value/
21st Century Business Herald. (2022). Annual issuance value of special bonds dedicated for rebuilding of rundown urban areas in China between 2018 and July 2022 (in billion yuan). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1286766/china-urban-renewal-special-bonds-issuance-value/
21st Century Business Herald. "Annual Issuance Value of Special Bonds Dedicated for Rebuilding of Rundown Urban Areas in China between 2018 and July 2022 (in Billion Yuan)." Statista, Statista Inc., 26 Jul 2022, https://www.statista.com/statistics/1286766/china-urban-renewal-special-bonds-issuance-value/
21st Century Business Herald, Annual issuance value of special bonds dedicated for rebuilding of rundown urban areas in China between 2018 and July 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1286766/china-urban-renewal-special-bonds-issuance-value/ (last visited November 21, 2024)
Annual issuance value of special bonds dedicated for rebuilding of rundown urban areas in China between 2018 and July 2022 (in billion yuan) [Graph], 21st Century Business Herald, July 26, 2022. [Online]. Available: https://www.statista.com/statistics/1286766/china-urban-renewal-special-bonds-issuance-value/
