|Regulatory Framework Name||Investment in housing renovation as part of a wider industry support package|
|Regulatory Framework Description||As part of a wider ¥ 4.35 trillion package, China will begin the renovation of 39,000 old urban residential communities and support the upgrading of plumbing and wiring and the installation of elevators in old residential buildings; it will also encourage the development of community services such as elderly home care, the provision of meals, and cleaning services. According to the recent document, the government provided 53.4 billion RMB to local governments for encouraging their fiscal spending on the renovation of old urban residential communities. This spending encourages some green investments, such as the Energy-saving improvement on old buildings and the installation of charging stations . Since only an unquantified part of the renovation programme is linked to clean energy, this measure is classified here as "other energy".|
|Country of Implementation||China|
|Regulatory Framework Reference||http://www.gov.cn/xinwen/2020-07/21/content_5528678.htm|
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