Property News · April 13, 2017

Xi Jinping’s dream city Xiongan may turn out to be China’s biggest public works project, ever


Xiongan New Area, the Chinese president’s ambitious plan to remake a backwater into a dream city, could lure as much as 2.4 trillion yuan (US$348 billion) of investments over the next decade, adding as much as 0.4 percentage point to China’s economic growth every year, according to a projection by Morgan Stanley.
The new city, designed as a salve to ease Beijing’s notorious overcrowding, air pollution and congested traffic, will redirect up to 6.7 million people to the 100…

Source : South China Morning Post
Read more…Xi Jinping’s dream city Xiongan may turn out to be China’s biggest public works project, ever

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