On October 20, Beijing Vice Mayor Mu Peng said at the “Beijing Urban Renewal Platform Press Conference” that Beijing's urban renewal work has now entered a critical period of accelerated growth. Judging from the data, fixed asset investment in urban renewal in Beijing exceeded 184.6 billion yuan in 2025, accounting for more than 20% of the fixed asset investment of the whole society. This year, Beijing set an annual fixed asset investment target of 238.5 billion yuan for urban renewal. It has already completed 194.2 billion yuan in the first nine months, and the progress is in line with expectations.

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