Vice Premier urges control on property development in Xiongan

After former president Jiang Zemin assumed power, he immediately ordered the construction of the Pudong New Area in Shanghai in 1992 and the Binhai New Area district in Tianjin in 1994.

China Saturday announced plans to create Xiongan New Area, a new economic zone to be built near Beijing, which authorities described as a "major historic and strategic choice".

China Shipbuilding Industry Corporation, which is making the nation's first home-grown aircraft carrier, has become the first central government-owned enterprise to pledge to relocate some of its businesses into the Xiongan New Area.

Aerial photo taken on March 31, 2017 shows Baiyangdian, North China's largest freshwater wetland, in Anxin county, North China's Hebei province.

But its economic development, including efforts to build a robust and skilled labour force, lags behind other global cities and the Chinese cities of Beijing and Tianjin, Zhang said.

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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".

Since 2014, the government has planned to jointly develop Beijing, the port city of Tianjin and Hebei province to boost regional and economic development in the northern region, and bridge the economic disparity between the capital and the industrial and rural areas surrounding it. The population of the area will reach 2 million by that time. The subsidiary center will be in the eastern suburbs of Tongzhou.

Zhang said plans for the new area should feature "high standards and high quality", and he stressed innovation, policy support, and environmental protection.

Establishing the Xiongan New Area is "a very important integral part" of measures to transfer non-capital functions out of Beijing, said He.

The NDRC chief pointed to reform as a key to development, saying that new administrative, investment and financing models will be tried in the new area.

  • Rita Burton