In 2021, local governments in China issued 444.1 billion yuan worth of special bonds dedicated for urban renewal projects, representing 12 percent of all special bonds issued in China during the year. Residential housing in centers of major Chinese cities can often be found in rundown conditions, and for more than two decades, local governments regularly cooperated with real estate firms 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.
Share of special bonds dedicated for rebuilding of rundown urban areas in all special bonds issued in China between 2018 and July 2022
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21st Century Business Herald. (July 26, 2022). Share of special bonds dedicated for rebuilding of rundown urban areas in all special bonds issued in China between 2018 and July 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1423146/china-share-of-urban-renewal-bonds-in-all-special-bonds/
21st Century Business Herald. "Share of special bonds dedicated for rebuilding of rundown urban areas in all special bonds issued in China between 2018 and July 2022." Chart. July 26, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1423146/china-share-of-urban-renewal-bonds-in-all-special-bonds/
21st Century Business Herald. (2022). Share of special bonds dedicated for rebuilding of rundown urban areas in all special bonds issued in China between 2018 and July 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1423146/china-share-of-urban-renewal-bonds-in-all-special-bonds/
21st Century Business Herald. "Share of Special Bonds Dedicated for Rebuilding of Rundown Urban Areas in All Special Bonds Issued in China between 2018 and July 2022." Statista, Statista Inc., 26 Jul 2022, https://www.statista.com/statistics/1423146/china-share-of-urban-renewal-bonds-in-all-special-bonds/
21st Century Business Herald, Share of special bonds dedicated for rebuilding of rundown urban areas in all special bonds issued in China between 2018 and July 2022 Statista, https://www.statista.com/statistics/1423146/china-share-of-urban-renewal-bonds-in-all-special-bonds/ (last visited November 21, 2024)
Share of special bonds dedicated for rebuilding of rundown urban areas in all special bonds issued in China between 2018 and July 2022 [Graph], 21st Century Business Herald, July 26, 2022. [Online]. Available: https://www.statista.com/statistics/1423146/china-share-of-urban-renewal-bonds-in-all-special-bonds/
