China’s Housing Ministry Sets ’15th Five-Year’ Plan to Build New Homes, Renovate Old Ones

The framing shift from 'having a home' to 'living in a good home' signals that China's housing policy priority is moving toward renovation and service quality rather than pure new-build volume. That matters for construction, materials and property-service sectors, which face a different demand mix than during the expansion era. Whether the urban-renewal emphasis translates into measurable activity, and how it interacts with the existing stock overhang, is the open question worth watching.