Construction sites such as this one have been deserted for years in Caofeidian, but that could change after the area in Hebei province was designated a free-trade zone last year. Photo: Simon Song
Chinese ghost town rumbling back to life as free-trade zone, but is the second time a charm?
- Some of the construction projects that were abandoned years ago have resumed, with renewed support from Beijing
- China is hoping free-trade designation makes once-abandoned Caofeidian attractive to manufacturers, in bid to boost the local economy and help curb the impact of a trade war with United States
Construction sites such as this one have been deserted for years in Caofeidian, but that could change after the area in Hebei province was designated a free-trade zone last year. Photo: Simon Song
