Xiongan has global reach, robust growth

Companies upbeat on 2-year-old new area as goals in place for development

Xiongan New Area, which was first announced two years ago, has been attracting increasing attention from foreign companies given its huge development potential.

Located about 100 kilometers southwest of Beijing, Xiongan is aiming to become a significant part of the Beijing-Tianjin-Hebei cluster, and plans to take over Beijing's noncapital functions and provide a Chinese solution to "big city malaise", including overcrowding, pollution and traffic congestion.