University driver of north-south economic balance

Editor's Note: The Ministry of Education said on Tuesday that a working group for the establishment of colleges of the proposed Xiongan University was formed in Beijing recently. 21st Century Business Herald comments:

When the Communist Party of China Central Committee and the State Council, China's Cabinet, decided to establish Xiongan New Area in North China's Hebei province two and a half years ago, the "millennium strategy" was welcomed by all sections of society.

From the regional economic development point of view, the significance of the Xiongan New Area lies in "transferring some non-capital functions of Beijing" and "adjusting and optimizing the urban layout and spatial structure of the Beijing-Tianjin-Hebei region".