Tears and cheers greet China's new economic zone
Businesses see only modest payouts after relocation; authorities hope area will flourish into a growth hub
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Xiongan, China
BUSINESS owner Hu Weibing weeps at the prospect of losing everything, including his home, after China's surprise announcement to transform a rural spot outside Beijing into a modern metropolis nearly three times the size of New York City.
Mr Hu's family-run clothing factory in the northern province of Hebei could close at the expense of a new special economic zone similar to those in Shanghai and Shenzhen.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
