China has big plans, plans to build Xiongan. A complete new megacity, twice the size of New York City, about 100 kilometres south of Beijing. Goal is to take the pressure of the congested capital Beijing and to replicate the remarkable successes of Shenzhen and Pudong.
The name of the city will be Xiongan, and it will be built completely from scratch in a district that currently mostly consists of farmland and villages. Since the government announced the plans, earlier this month, Xiongan immediately became a hype, and a goldrush started for property in the new economic zone. The government had to stop these property sales as would-be real estate moguls descended immediately on the region after the announcement.
Read all about it in the article below.