Core Viewpoint - The Chinese government has issued new guidelines to support the renovation and reconstruction of aging residential buildings, aiming to enhance urban quality and meet the needs of citizens for better living conditions [1][2]. Group 1: Policy Initiatives - The central government encourages "self-renovation and original demolition and reconstruction" of old housing to improve living standards and reduce financial burdens on local governments [1]. - Local governments are exploring various funding methods, such as establishing community renewal funds and issuing special local government bonds to finance these renovations [1]. Group 2: Implementation and Community Involvement - Different regions are adopting a framework of "resident autonomy + market participation + policy support" to facilitate the renovation process, with some areas allowing for negotiation and administrative mediation in case of disagreements [2]. - From 2019 to 2024, approximately 280,000 old residential communities are expected to undergo renovation, benefiting around 48 million households and over 120 million people [2]. Group 3: Community Impact - The renovation efforts include minor improvements such as pipeline upgrades, additional parking spaces, and elevator installations, which enhance the daily lives of residents [2]. - These initiatives not only improve living conditions but also foster community cohesion and strengthen neighborhood relationships, reflecting a people-centered approach to urban governance [2].