Urban redevelopment plans don’t tick stimulus box

This week’s Central Urban Work Conference didn’t deliver the revival of the shantytown redevelopment scheme that helped stabilise China’s housing market a decade ago and that some had been hoping for. Policymakers appear to have concluded that any near-term benefits would not be worth the risk of further exacerbating China’s housing market oversupply. The schemes they are focusing on instead are much smaller in scope and won’t provide much support to construction or sales.