FX.co ★ China to Step Up Urban Renewal, Support Housing Market in 2026

China is set to enhance its urban renewal initiatives and stabilize the property market starting in 2026, marking the onset of its newest Five-Year Plan (2026–2030), as outlined in a housing policy conference summary released on Tuesday, as per a Reuters report. The conference, which convened in Beijing from December 22 to 23, laid out significant housing development tasks for the upcoming Five-Year Plan period and emphasized that next year will be crucial for the execution of these policies. A primary objective will be the robust implementation of urban renewal, alongside measures to stabilize the real estate market, mitigate and manage risks, and bolster the supply of affordable housing. Despite continuous government assurances aimed at supporting the property sector, it has been experiencing a steady decline since mid-2021. This downturn, characterized by weak home sales and falling prices, has adversely affected consumer confidence and household financial stability, given that approximately 70% of household wealth is invested in real estate.