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話題：出臺更多舉措推動房地產行業發展
Passage 1
China 1____ (roll) out more stimulus measures to push urban renewal projects this year in 2____ (bid) to scale up effective investment and shore up domestic demand in the face of rising global uncertainties, analysts said.
As the world's second - largest economy has put boosting domestic demand high on 3____ (it) economic work agenda this year, the urban renewal initiatives, 4____ leverage public funding and private capital, will effectively drive investment — a key component of domestic demand, they added.
The country will accelerate the transformation of aging residential neighborhoods, industrial areas 5____ urban villages, as well as strengthen underlying urban infrastructure, the State Council, 6____ country‘s Cabinet, said on Friday during the first executive meeting of 2025.
By the end of this year, China aims to complete the renovation of old urban residential communities built before the end of 2000, said the Ministry of Housing and Urban - Rural Development in late December during 7____ (it) annual work conference.
The country is also scheduled to complete the renovation of aging gas pipelines that 8____ (identify), and eliminate stagnant bodies of water in county - level cities in 2025, as outlined during the meeting.
Prior to the December meeting, Minister of Housing and Urban - Rural Development Ni Hong said in October that the country plans to renovate an additional 1 million units in run - down urban villages or properties identified as dilapidated, with measures including 9____ (provide) monetary compensation to residents.
Later in November, the country's policymakers expanded the scope of urban village renewal initiatives. 10____was once limited to 35 major cities has now been extended to 300 urban areas nationwide.
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Passage 2
The renovation of 1 million such units is expected to help clear 200 million square meters of commodity housing inventory through monetary compensation, housing vouchers 1____government - led acquisitions of existing commercial housing units for resettlement purposes, said Xia Lei, chief analyst at Sealand Securities.
Moreover, by repositioning land in certain urban villages, the government aims to better align redevelopment with evolving market needs, unlocking an estimated 500 billion yuan ($68.3 billion) in construction investment, Xia said.
Eligible urban village redevelopment initiatives will have access to a range of policy support measures, including local government special bond financing, special - purpose loans from policy banks, as well as relevant tax and fee incentives, according 2____ government authorities.
Earlier last year, the Ministry of Finance announced the first batch of 15 cities selected 3____ (receive) central government financial support for urban renewal projects to begin in May 2024.
Cities in eastern China will receive up to 800 million yuan in total central government assistance, while those in central and western regions, as well as the country's four municipalities, will be eligible for up to 1 billion yuan and 1.2 billion yuan, 4____ (respective), according to the funding standards.
In addition to government - backed financial support, the State Council also places a high premium on improving market - based financing models to attract 5____ (great) private sector participation in the country's urban renewal initiatives.
Given the sheer scale, lengthy implementation timelines and complex planning requirements of these urban renewal projects, the traditional model of relying solely on government - driven fiscal support is simply not sustainable over the long run, said Su Jian, director of the National Center for Economic Research at Peking University.
Over the next five years, underground plumbing and wiring alone will require a total investment of around 4 trillion yuan, with an estimated 600,000 kilometers of aging gas, water and heating lines in need of 6____ (upgrade).
To ensure the viability and scalability of these renewal efforts, it's imperative to focus on mobilizing a diverse array of stakeholders and funding sources, with the government playing a crucial role in 7____ (unleash) market dynamics, Su said.
The key is the careful selection of urban renewal projects that offer investors clear avenues for reasonable returns. This could include the redevelopment of aging residential compounds, the construction of toll roads, and other initiatives that can generate predictable revenue streams and attractive investment returns, Su added.
The government should also play a guiding role in 8____ (coordinate) different sectors to work together. For example, 9____ (it) can encourage banks to provide more favorable loans for these projects. At the same time, relevant policies should be made to ensure the fairness and transparency of the whole process, so that 10____ private investors and the public can benefit from these urban renewal projects.
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Passage 3
China's urban renewal projects are of great significance. The State Council's emphasis on them shows 1____ (important) of this task. These projects not only aim to improve the living environment but also 2____ (promote) economic development.
The renovation of old urban residential communities is a key part. These communities, which were built decades ago, often lack modern facilities and need 3____ (urge) renovation. The government's plan to complete the renovation of those built before 2000 is 4____ major step forward.
In addition to the renovation of residential areas, the transformation of industrial areas and urban villages is also on the agenda. Urban villages, 5____ have complex situations, require careful planning. The expansion of urban village renewal initiatives from 35 major cities to 300 urban areas nationwide indicates 6____ government’s determination to carry out comprehensive urban renewal.
To make these projects successful, various policy support measures are necessary. Local government special bond financing, special - purpose loans from policy banks, and tax and fee incentives are all 7____ (mean) to attract investment. However, relying only on government - backed financial support is not enough. The market - based financing models need to be improved to involve 8____ (much) private capital.
Experts like Su Jian from Peking University point out that the government should play a key role in 9____ (balance) different interests. It should select projects carefully to ensure that they can bring reasonable returns. By doing so, it can mobilize 10____ the enthusiasm of private investors and the support of the public.
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