
A major initiative to create a new skyline on Shanghai's North Bund, facing the Lujiazui financial district.
In China, local governments—including those in districts like Hongkou—often partner with private developers for urban renewal and property projects, specializing in mixed-use developments, affordable housing, and revitalization of urban areas through public-private partnerships. These collaborations typically focus on acquiring unsold homes, transforming them into affordable housing, and accelerating urban development.



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