President Xi Jinping inspects the Xiongan New Area scheme in Anxin county of Baoding city, Hebei province, on February 23. The plan for the new area, about 100km southwest of downtown Beijing, was announced on April 1. Photo: Xinhua

Xiongan is not Shenzhen or Pudong: why latest new area may falter despite push from Beijing

Winston Mok says a rare confluence of factors created the two economic marvels next to Hong Kong and Shanghai, while Xiongan may face an uphill task in unleashing similar market forces to boost its fortunes, despite ambitious state plans

Topic |   Xiongan New Area

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President Xi Jinping inspects the Xiongan New Area scheme in Anxin county of Baoding city, Hebei province, on February 23. The plan for the new area, about 100km southwest of downtown Beijing, was announced on April 1. Photo: Xinhua
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Winston Mok

Winston Mok

Winston Mok, a private investor, was previously a private equity investor. He held senior regional positions with EMP Global and GE Capital, and was a McKinsey consultant and initiated its China practice. Winston obtained his bachelor and master degrees from MIT.