MacroA-shares

China to Renovate 115,000 Old Urban Residential Communities in 15th Five-Year Plan

Published: Updated: By 24TopNews Editorial Desk

On September 18, Zhang Qiang, director of the Urban Management Supervision Department of the Ministry of Housing and Urban-Rural Development, presented arrangements for the renovation of old urban residential communities during the 15th Five-Year Plan period at a press conference held by the State Council Information Office.

Zhang said that during the 15th Five-Year Plan period, China will begin renovation of 115,000 old urban residential communities nationwide, carry out complete-community construction and renovation in 5,000 communities, and renew or install 575,000 residential elevators.

24TOPNEWS IMPACT INTELLIGENCE

Why this event matters

The event has a measured impact on 5 industrys. The strongest current signal is positive for General Industrial Equipment, with intensity 70/100 and 75% confidence over a medium term horizon.

Manufacturing · 6.4

General Industrial Equipment

Direction
positive
Intensity
70
Confidence
75%
Horizon
Medium term
Effective impact +38
Construction & Real Estate · 7.3

Building Construction

Direction
positive
Intensity
65
Confidence
70%
Horizon
Medium term
Effective impact +33
Construction & Real Estate · 7.6

Municipal Utilities

Direction
positive
Intensity
60
Confidence
68%
Horizon
Medium term
Effective impact +29
Chemicals & Materials · 3.6

Basic Building Materials

Direction
positive
Intensity
55
Confidence
65%
Horizon
Medium term
Effective impact +26
Chemicals & Materials · 3.7

Functional Building Materials

Direction
positive
Intensity
50
Confidence
60%
Horizon
Medium term
Effective impact +22

Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.