47,300 old neighborhoods in China start construction in January-August

53,000 old neighborhoods in China are expected to be newly renovated in the year of 2021, according to the Government Work Report for 2021.

During the January-August period this year, 47,300 old neighborhoods have started the renovation, completing 87.7 percent of the annual target, 9.5 percentage points higher than that as of the end of July this year, as announced by the Ministry of Housing and Urban-Rural Development of China (MOHURD).