The trillion-dollar market is here! What opportunities does the transformation of urban villages bring to the lighting industry?
Release time:
Dec 11,2024
On July 28, a video conference was held in Beijing to deploy the work of actively and steadily promoting urban village renovation in mega cities.
Since the end of July, the topic of urban village renovation has frequently appeared in meetings of the central government and the Ministry of Housing and Urban-Rural Development, becoming a focal point in various related markets.
On July 21, the State Council's executive meeting reviewed and approved the "Guiding Opinions on Actively and Steadily Promoting Urban Village Renovation in Mega Cities," requiring increased policy support for urban village renovation.
On July 24, the Central Political Bureau held a meeting to analyze the current economic situation and deploy economic work for the second half of the year, reiterating the need to "actively promote urban village renovation."
On July 28, a video conference was held in Beijing to deploy the work of actively and steadily promoting urban village renovation in mega cities. The meeting emphasized that actively and steadily promoting urban village renovation is beneficial for eliminating shortcomings in urban construction governance, improving the living environment of urban and rural residents, expanding domestic demand, and optimizing the real estate structure.
This also means that the importance of urban village renovation has been further elevated, becoming an important measure for mega cities to improve people's livelihoods, expand domestic demand, and promote high-quality urban development. What impact and opportunities will this bring to the lighting industry, which is directly related to urban village renovation? To what extent will it benefit? Let's discuss today.
Policy promotion focuses on mega cities.
Urban village renovation is a component of urban renewal, aimed at revitalizing existing resources, improving people's livelihoods, and expanding domestic demand. The previous "14th Five-Year Plan" outline proposed that "urban renewal includes completing the renovation of 219,000 old urban residential communities built before the end of 2000, basically completing the renovation of old industrial areas in large cities, renovating a number of large old neighborhoods, and adapting the renovation of a number of urban villages to local conditions."
In fact, as early as 2019, the content of urban village renovation was mentioned in various national meetings and plans, but a systematic and complete action plan had not been formed. Since 2023, the central government has repeatedly proposed to actively promote urban village renovation, indicating that its urgency has further increased, and the overall pace of promotion is gradually accelerating.
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