Core Points - The Ministry of Finance announced the results of the 2025 central financial support for urban renewal actions, with Guangzhou being one of the 20 cities selected to receive support of up to 800 million yuan over the next three years [1] - The number of cities supported has increased from 15 to 20 compared to the previous year, indicating an expansion in both the scope and amount of financial support [1][2] Group 1: Financial Support and Objectives - The central financial support aims to accelerate the construction of livelihood projects, stimulate local initiatives for urban renewal, and enhance infrastructure to drive market investment and consumption [4] - The support will focus on two main directions: model project construction and mechanism development, with specific uses including urban underground pipeline upgrades, sewage treatment improvements, and the renovation of historical and old districts [2][3] Group 2: Urban Renewal Mechanism and Innovation - The 2025 support expands to include super-large cities and major cities along key river basins, with a more flexible approach to funding usage, encouraging innovative project approval systems and regulatory frameworks [3] - The funding encourages cities to establish mechanisms for better utilization of financial resources and to innovate in urban renewal project planning and management [3] Group 3: Guangzhou's Urban Renewal Strategy - Guangzhou's urban renewal strategy focuses on five vitality goals, aiming to create demonstration projects in water system updates and comprehensive urban renewal systems [5][6] - The city plans to enhance environmental quality, activate community engagement, stimulate consumption, promote green initiatives, and improve governance through a comprehensive information platform [7][8] Group 4: Historical Context and Experience - Guangzhou is recognized for its early initiation of urban renewal projects, having developed replicable models and innovative mechanisms that have received national recognition [8] - The city's proactive approach and established experience in urban renewal align with the criteria set forth in the notification, positioning it favorably for continued support [8]

Core Viewpoint - The central government plans to allocate over 20 billion yuan to support urban renewal actions in 20 selected cities, including Beijing and Guangzhou, aiming to establish a sustainable urban renewal mechanism and address infrastructure deficiencies [1][2]. Group 1: Urban Renewal Significance - Urban renewal is essential for enhancing the quality of life for residents and promoting high-quality economic and social development [1]. - With an urbanization rate of 67.0% in 2024, China is transitioning to a phase focused on improving existing urban stock [1]. - Urban renewal is positioned as a key strategy for boosting investment and consumer potential amid macroeconomic efforts to expand domestic demand [1][2]. Group 2: Financial Support and Mechanisms - The central government has innovated funding methods, providing fixed subsidies for urban renewal to 15 cities starting in 2024, with an expansion to 20 cities this year [2]. - Selected cities have strong foundations for renewal, established benchmark projects, and positive market feedback, which will enhance the effectiveness of financial and policy support [2]. - The focus is on addressing infrastructure weaknesses and investing in key areas with high potential and demand, such as underground networks and consumer-oriented infrastructure [3]. Group 3: Long-term Mechanism Development - The establishment of long-term mechanisms is highlighted, including the use of central funds for project preparation, financial support, and land approval processes [3]. - Cities are encouraged to leverage funding and reform to explore sustainable new models and improve regulatory frameworks for urban renewal [3]. Group 4: Continuous Urban Renewal Efforts - Urban renewal is an ongoing process that requires collaboration between government, market forces, and citizens to enhance urban charm and quality of life [4].

老旧城区居民居住环境安全感，小区生活环境优美感、便利感，就业渠道通畅感，都是城市更新需要着 重加强的方面。 4日，财政部发布了《2025年度中央财政支持实施城市更新行动评选结果公示》，20个城市入选。资金 支持方向为城市更新重点样板项目、城市更新机制建设两个方面。 这表明，要充分发挥中央财政补助资金的带动作用，积极推进城市更新进程，努力实现到2030年，城市 更新行动取得重要进展、城市更新体制机制不断完善、城市开发建设方式转型初见成效、安全发展基础 更加牢固等目标。 城市更新行动是推动城市高质量发展、不断满足人民美好生活需要的重要举措。5月中旬，中办、国办 发布了《关于持续推进城市更新行动的意见》（下称《意见》），强调城市更新要坚持以人民为中心、 全面践行人民城市理念。 以人民为中心，首先是城市更新要更加着眼于安民，让居民有一个更为安全的生活环境。 城市更新主要针对的是老旧城区，这些城区基础设施老化，燃气、桥梁、供水等存在安全隐患。一个较 为普遍的现象是，一旦遇到大雨很多老旧城区就会道路成河，形成内涝。老旧城区城市燃气管网普遍使 用年限较长，有的甚至达到30年以上，比较容易出现泄漏、破裂、爆燃等安全隐患。20 ...

Economic Data Summary - In the first four months of 2025, the revenue of industrial enterprises above designated size in national high-tech zones reached 10.26 trillion yuan, marking a year-on-year increase of 7.3% [3] - The innovation-driven and industrial agglomeration effects continue to be released [3] Industry Development - The Zhongguancun new generation information technology industry has entered the trillion-level industry cluster [5] - The scale of the optical electronics information industry in Wuhan East Lake accounts for 50% of the national total [5] - National high-tech zones have laid out cutting-edge fields such as quantum information, humanoid robots, and next-generation internet, forming initial development advantages in related future industries [5] Urban Renewal and Infrastructure - The renovation of old urban residential areas has accelerated, with plans to start the renovation of 25,000 old urban residential areas nationwide in 2025 [8] - In the first four months of 2025, 5,679 old urban residential areas were newly started for renovation, with six provinces and cities having a startup rate exceeding 50% [10] - Central finance will provide subsidies to 20 cities for urban renewal actions, with each city receiving no more than 1.2 billion yuan [13] Commodity Price Index - In May, China's commodity price index rose slightly by 0.3% month-on-month, reaching 110.3 points [16] - Among 50 monitored commodities, 17 saw price increases in May [16] - The non-ferrous price index rose by 0.9%, while the chemical price index rebounded by 0.5% [17] International Air Cargo - Since the beginning of 2025, over 100 new international air cargo routes have been opened, with a focus on Asia and Europe [21][23] - The cargo structure mainly consists of electronic products, auto parts, machinery, and fresh goods [23] - In May alone, 26 new international air cargo routes were opened, with a cumulative total of 101 routes in the first five months of 2025 [24]

Core Insights - The Ministry of Finance announced the results of the 2025 Central Financial Support for Urban Renewal, identifying 20 cities to receive funding [1] - The funding aims to enhance urban infrastructure and public facilities, serving as a significant driver for domestic demand and consumption [2] Group 1: Funding Details - The selected cities include major urban centers such as Beijing, Guangzhou, and Tianjin, with a focus on large cities and key river basins [1] - Financial support will be allocated based on regional classifications: up to 800 million yuan for eastern cities, 1 billion yuan for central cities, and 1.2 billion yuan for western cities, with direct-controlled municipalities also receiving up to 1.2 billion yuan [1] Group 2: Implementation and Impact - The urban renewal initiative is expected to accelerate project implementation, addressing bottlenecks in planning, approval, and funding processes [2] - The innovative financial model aims to stimulate local governments' motivation for urban renewal, overcoming challenges related to market investment participation [2]

Group 1 - The core viewpoint of the news is the establishment of a regional center for the recycling and utilization of used power batteries in Sichuan Province, aiming to create a comprehensive and efficient recycling system for retired batteries by the end of 2024 [1][2] - By the end of 2024, the number of new energy vehicles in Sichuan is expected to reach 1.402 million, with a peak in battery retirements anticipated in the next 2-3 years [1][2] - The national new energy vehicle ownership is projected to reach 31.4 million by the end of 2024, highlighting the growing importance of battery recycling as the volume of retired batteries increases [1][2] Group 2 - The recycling of retired batteries can meet significant portions of annual demand for lithium (24%), cobalt (31.2%), and nickel (16.8%), which is crucial for the sustainable development of the new energy vehicle industry [2] - The current standardized recycling rate of power batteries in China is below 25%, with many batteries ending up in unregulated small workshops, indicating a need for stricter regulations [2] - The Ministry of Industry and Information Technology emphasizes the importance of comprehensive supervision across the battery lifecycle, from production to disposal, to prevent environmental pollution and ensure safety [2] Group 3 - Sichuan Province, rich in lithium resources, accounts for about 20% of the national power battery production, and is developing a complete industrial chain from lithium mining to battery recycling [3] - The establishment of a recycling system is expected to promote technological innovation and create a sustainable industrial ecosystem [3]

新华财经北京6月4日电（记者董道勇）据财政部消息，近日财政部、住房城乡建设部组织开展了2025年 度中央财政支持实施城市更新行动评选，北京、天津、唐山、包头、大连、哈尔滨、苏州、温州、芜 湖、厦门、济南、郑州、宜昌、长沙、广州、海口、宜宾、兰州、西宁、乌鲁木齐等20个城市入围。 ——对于城市更新重点样板项目。一是城市供排水、燃气、供热等城市地下管网更新改造和经济集约型 综合管廊建设；二是城市生活污水处理"厂网一体"、城市生活污水管网全覆盖样板区建设等；三是生活 垃圾分类处理、建筑垃圾治理、综合杆箱、危旧桥梁、机械停车设施等市政基础设施提升改造；四是历 史文化街区、老旧小区、口袋公园、绿地开放共享等既有片区更新改造，注重文化、旅游、餐饮、休闲 娱乐等一体打造，加强消费型基础设施建设。 ——对于城市更新机制建设。一是项目储备和生成机制。近远结合、系统谋划建设项目，城市更新项目 谋划、储备、实施时序的方式，可形成的机制包括但不限于城市体检、城市更新专项规划、房屋全生命 周期安全管理、城市更新项目储备库建设、建设成效后评估机制等。二是资金安排和筹措机制。建立有 利于统筹用好财政、金融资源的机制。三是用地保障和审批机制 ...

Core Viewpoint - Urban renewal is being actively explored across various regions, focusing on enhancing urban functions and quality while preserving historical memories and balancing commercial interests with cultural protection [1][4]. Group 1: Urban Renewal Projects - In Guizhou, the urban renewal initiative has been a key driver for high-quality new urbanization, with significant achievements including the completion of 4,316 old community renovations benefiting over 679,300 households, and the construction of 465,500 units in shantytown renovations [1]. - Beijing's urban renewal projects include over 2,000 planned initiatives aimed at improving living environments and enhancing urban construction levels, with a focus on key areas and commercial districts [2]. - The Jiangxi province has recognized the Hongdu Night Alley cultural commercial street improvement project as an exemplary case of old street renovation, investing 67.5 million yuan to enhance local culture and create over 1,000 jobs [3]. Group 2: Cultural Preservation - Beijing's new regulatory framework emphasizes the importance of historical and cultural preservation in urban planning, aiming to harmonize traditional culture with modern civilization [4]. - Jiangxi province prioritizes historical culture protection as a prerequisite for urban renewal, avoiding large-scale demolitions and focusing on organic updates that maintain the city's cultural lineage [5][6]. - The integration of cultural elements into urban renewal projects in Guizhou has resulted in improved living conditions while preserving the city's historical essence [5]. Group 3: Economic and Social Impact - Urban renewal is seen as a systematic approach to reconstructing urban functions and enhancing residents' well-being, with projects in Guizhou and Jiangxi demonstrating significant economic revitalization and cultural engagement [7]. - The transformation of the Taiping Road area in Guiyang into a trendy consumer district illustrates the potential for urban renewal to enhance economic vitality while restoring cultural memories [7]. - Jiangxi's focus on cultural innovation and heritage protection has led to the establishment of research centers and immersive cultural experiences, contributing to both cultural preservation and urban quality enhancement [7].

郑州市管城回族区委区政府绩效评估中心亦表示，亳都·新象不再是简单的城市建设项目，不是回到从 前，而是面向未来，以全新的面貌成为郑州文化复兴和城市更新的典范。 这种策略既能在城市历史文 化的背景下表达独特性，同时又确保了区域文化的连续性，共同构成一个有机的商城城市更新的系列计 划。 2025年，郑州市城市更新领域将完成投资2000亿元。这一数字相当于郑州市2024年GDP的13%。 位于郑州市管城区的商代都城遗址片区，曾是当地规模较大的棚户区之一，如今，一个声称将融合传统 历史文化与现代商业，以上海"新天地"、成都"太古里"为标杆的非标商业项目，正在之前的棚户区上拔 地而起。 这也是郑州城市更新工作的新探索之一。 5月28日，第一财经记者实地走访发现，这个名为亳都·新象的项目，宛如中原传统建筑的"活态博物 馆"，共包括15座各具特色的主题院落。 亳都·新象由当地国企郑州市城市发展集团投资运营，原名为亳都古巷，隶属于郑州商代都城遗址核心 区项目六大片区之一，郑州商代都城遗址则被列入郑州市城市更新项目之一。 为何要上马这样一个项目？亳都·新象一位负责人说，在新一轮的消费升级中，郑州消费者的需求正在 发生微妙变化。随 ...

Group 1: Consumption and Economic Growth - The consumption sector is experiencing a revival, driven by the "holiday economy," with 314 million domestic trips taken during the May Day holiday, a 6.4% increase year-on-year, and total spending reaching 180.27 billion yuan, up 8.0% [3][4] - Various regions are implementing policies to boost consumption, such as Guangdong's consumption promotion plan and Hunan's 2025 implementation plan, enhancing consumer vitality [4][7] Group 2: Agricultural Production - The summer grain harvest is progressing well, with 70.05 million acres of wheat harvested by May 26, and the use of machinery has significantly improved efficiency in harvesting [8][10] - Some regions are facing drought conditions affecting summer grain production, prompting proactive measures to ensure a successful harvest [10] Group 3: Employment Opportunities - Various initiatives are being launched to enhance employment services, including the "Million Talents Gathering" program and the introduction of flexible job models like "Mom Jobs" in Shandong, which has created over 18,000 positions [11][12][15] - The government is focusing on improving job matching and providing targeted training to support job seekers [15][17] Group 4: Urban Renewal - Urban renewal projects are being actively pursued, with Shanghai's recent initiatives showcasing a blend of historical preservation and modern functionality [18][20] - The central government has outlined a roadmap for urban renewal, emphasizing the need for balanced development and improved living conditions [20][23]