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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