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China approved decade-long master plan for Xiong’an, total investment likely at 6-8 trillion yuan

China's central authorities have given the go-ahead to a master plan for Xiong'an New Area, in a bid to move some of non-capital functions of Beijing and accelerate the development of Hebei province. Experts from the top economic planner put the size of the overall investment till 2035 at 6-8 trillion yuan.

The master plan will cover the decade-long construction of Xiong’an until the mid-2030s, by which time the state-level new area must be developed into a booming city on par with Beijing.

Unlike China's other special economic zones like . . .

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