Why is the Xiongan New Area being established?
The move will help phase out some non-capital functions from Beijing, explore a new model of optimized development in densely-populated areas, restructure the urban layout in the Beijing-Tianjin-Hebei region and cultivate new innovation-driven engines, according to the circular.
What are the seven major tasks for the Xiongan New Area?
1. Building a world-class, green, modern and smart city
2. Becoming a city with scenic ecological environment, blue skies, fresh air and clean water
3. Developing high-end innovative industries as new growth engines
4. Having quality public services and infrastructure, as well as a new urban management model
5. Establishing a fast and effective as well as green transport network
6. Pushing for structural and institutional reforms to stimulate market vitality
7. Opening wider to the outside world and becoming a new platform for foreign cooperation
