Minister of Housing and Construction Ni Hong said at the press conference of the State Information Office on October 17 that 1 million additional urban village renovation and dilapidated housing will be implemented through monetized housing resettlement methods. According to the survey, in 35 large and medium-sized cities alone, there are 1.7 million urban villages in need of renovation, while other cities are also in need of renovation; there are 500,000 dilapidated houses in need of renovation nationwide. The proposed implementation of 1 million new packages is mainly aimed at projects where conditions are ripe and can be carried out early by strengthening policies. Mainly using monetary settlement methods, it will be more beneficial for the public and their own wishes to choose the appropriate method.

Minister of Housing and Construction Ni Hong said at the press conference of the State Information Office on October 17 that 1 million additional urban village renovation and dilapidated housing will be implemented through monetized housing resettlement methods. According to the survey, in 35 large and medium-sized cities alone, there are 1.7 million urban villages in need of renovation, while other cities are also in need of renovation; there are 500,000 dilapidated houses in need of renovation nationwide. The proposed implementation of 1 million new packages is mainly aimed at projects where conditions are ripe and can be carried out early by strengthening policies. Mainly using monetary settlement methods, it will be more beneficial for the public and their own wishes to choose the appropriate method.