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?

Topic |   Xiongan New Area

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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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