Core Insights - The Central Urban Work Conference held on July 14-15 in Beijing marks a significant event, occurring nearly a decade after the last one in 2015, with the General Secretary delivering a key speech to set the direction for future urbanization in China [1] - The focus of urbanization has shifted from rapid growth to stable development, emphasizing quality improvement and efficiency in existing urban areas rather than large-scale expansion [1] - The meeting highlighted the need for a new development model to adapt to demographic changes such as declining birth rates, aging population, and regional disparities, promoting "group-style urban agglomerations" to enhance urban governance and resource allocation [1] Urban Development Strategies - High-quality urban renewal is emphasized as a key strategy, moving away from large-scale demolition and construction towards creating comfortable and livable cities, including gradual urban village renovations and infrastructure safety improvements [2] - The conference prioritizes innovation in urban construction, aiming to build vibrant, innovative cities as a core task, with technology innovation seen as a crucial means to counteract demographic and geopolitical challenges [2] - The reliance on infrastructure and real estate to drive economic growth is deemed outdated, with future urban development expected to focus more on technological innovation and industrial advancement [2]