Business

Controls fight speculation in Xiongan New Area property

Controls fight speculation in Xiongan New Area propertyā€¯

A general view shows a residential area of Pudong district in Shanghai, China April 4, 2017. It basically aims to be an worldwide city on par with global standards.

As per China Daily, a circular released by the CPC Central Committee and the State Council noted that the area will feature "geological advantages, convenient transportation, an excellent ecological environment, ample resources and lots of room for development".

Speaking to Xinhua after the country announced it would set up the new area on Saturday, He called for pooling talent from China and other countries and drawing on worldwide experience to build the area.

It is part of the government's ambitious plan to develop the Beijing-Tianjin-Hebei region. It houses Baiyangdian, which happens to be among the largest freshwater wetlands in northern China with over 140 lakes that cover an area of 360 square kilometers (139 square miles).

The main aim is not to develop the real estate industry, let alone to become a speculative "gold mine", Zhao said.

It is estimated that these newly developed areas are large enough to house as many as 3.4 billion people, or almost half of the world's population.

Quoting Xi, Zhang said authorities should coordinate efforts like moves in a chess game and phase out "non-capital functions" from Beijing in an orderly manner. The subsidiary center will be in the eastern suburbs of Tongzhou.

The new area will create a favorable environment for innovation and attract innovative talent and teams to help build it into a "high ground" for innovation and a new science and technology city, the official said. Over the years, the Chinese government has built dozens of new metropolitan areas and free trade zones (FTZs), with the majority ending up becoming "white elephants" that are neither economically viable nor sustainable.

Xiongan is expected to cover a total area of 2,000 square kilometers.

In the interview, the NDRC head didn't give a timetable for the building of the new area.



Like this

Latest


08 April 2017
Seoul: North Korea fires ballistic missile off east coast
When conducting nuclear and missiles tests in recent years, it has cited what it calls increasing US military threats. North Korea is pushing hard to upgrade its weapons systems to cope with what it calls USA hostility.

08 April 2017
California Drought Officially Over, Governor Jerry Brown Announces
A long-term plan to brace California for future droughts was also announced Friday, by the Department of Water Resources. The executive order issued by Brown effectively terminates the state of emergency implemented in January of 2014.

08 April 2017
Russian PM: Moscow, US on 'the verge of a military clash'
Also, the strikes took out the air defense system, all the aircraft hangers and the petroleum storage. Eliminating the hotline could enhance the risk of an accident involving the two nuclear powers.

07 April 2017
Will Bill O'Reilly Survive Advertiser Defections?
On Monday, Fox News contributor Julie Roginsky filed a lawsuit against Ailes and current Fox News President Bill Shine. Trump, 70, defended the anchor to The New York Times on Wednesday, stating that O'Reilly "shouldn't have settled".

07 April 2017
Comcast Calling: Cable Company Wants To Be Your Cell Phone Provider
That makes it a potentially attractive offering for the 70% of customers that Nielsen reports consume less than 5GB per month. The catch is that it will only be offered where Comcast already has its internet and cable TV service in the US.

07 April 2017
More births expected for Muslims than Christians worldwide
Globally, however, the effect of religious switching is overshadowed by the impact of differences in fertility and mortality. Muslims gave birth to 213 million children and lost 61 million people to death - a net increase of 152 million.

07 April 2017
Real life Jungle Book: Girl found living with monkeys in forest
According to doctors caring for her, the unnamed girl walks on all four and, unlike humans, screeches as a way to communicate. Cases of feral children - children living in the wild with no human contact - though not unheard of, are few and far between.

06 April 2017
Second juvenile arrested in connection with Facebook Live sexual assault
The investigation into the attack was fast-tracked because of a chance encounter the victim's mother had with Police Supt. Police continue to search for others involved in the attack, which took place in the Lawndale neighborhood.

05 April 2017
We Head to ILM for a Look Inside Rogue One
It was taken to mean that this will actually happen and that Star Wars: Episode 8 will be the movie where it will unfold. With humor and depth, Rogue One proves that their is hope yet for the Star Wars Disney spin-offs to come.

05 April 2017
Windows Phone will get THIS huge Microsoft update soon
Furthermore, Microsoft explains that the new e-paper screen would be used for rendering visually static user input controls. Creators Update adds Edge browser improvements, simplified security, new Windows Ink capabilities, and a new gaming mode.



Recommended