View full page at forexfactory.com

 

Construction on China’s ‘city of the future’ highlights Beijing’s renewed zeal for ambitious state planning

From scmp.com

Countless towering cranes dominate the skyline in the Xiongan New Area of northeastern Hebei province, as construction ramps up at ground zero for one of China’s most ambitious projects – building a dream city from scratch. China has vowed to spend billions on infrastructure projects this year in a bid to boost the nation’s economic recovery and stabilise the job market after the damage caused by the coronavirus pandemic. Xiongan, located about a two-hour drive south of central Beijing, is in the early stage of becoming a new metropolis after President Xi Jinping personally picked the site in April 2017 to form a ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis