Xiongan New Area announced

On April 1, China announced that Xiongan New Area would be established in North China's Hebei province to advance the coordinated development of the Beijing-Tianjin-Hebei cluster.

The move will help to shift noncapital functions from Beijing, explore a new model of optimized development in densely populated areas and restructure the urban layout in the cluster.

Xiongan is another new area of national significance in the mold of the Shenzhen Special Economic Zone, Guangdong province, and Pudong New Area in Shanghai.