BEIJING : China's cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government's latest move to support the economy, state media said on Friday.The post-COVID recovery in China, the world's second-largest economy, is faltering as demand weakens at home and abroad,
BEIJING : China's cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government's latest move to support the economy, state media said on Friday.
China will promote the transformation of"urban villages" - or underdeveloped areas - in megacities, as they pose a threat to public safety and social governance, state media said, citing a regular cabinet meeting.
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