Xiongan New Area, the Chinese president’s ambitious plan to remake a backwater into a dream city, could lure as much as 2.4 trillion yuan in investments. Photo: Reuters
Xiongan New Area, the Chinese president’s ambitious plan to remake a backwater into a dream city, could lure as much as 2.4 trillion yuan in investments. Photo: Reuters

Xi’s Xiongan mega city plan exposes China’s market charade

If market allocates resources, why is the state dreaming up new cities?

Xiongan New Area, the Chinese president’s ambitious plan to remake a backwater into a dream city, could lure as much as 2.4 trillion yuan in investments. Photo: Reuters
Xiongan New Area, the Chinese president’s ambitious plan to remake a backwater into a dream city, could lure as much as 2.4 trillion yuan in investments. Photo: Reuters
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