China Makes Historic Strategic Move
Xi Jinping announces Xiongan New Area of Hebei Province as part of a measure to advance the development of the Beijing-Tianjin-Hebei region.
In April, China announced it will establish the Xiongan New Area in Hebei Province, as part of measures to advance the coordinated development of the Beijing-Tianjin-Hebei region.
What is Xiongan New Area (XNA)?
On April 1st 2017, the Central Committee of the Communist Party of China (CCCPC) and State Council announced to establish a new satellite metropolitan district in Xiong’an., the Xiongan new area is comparable to the Shenzhen Special Economic Zone and the Shanghai Pudong New Area. According to the official circular, the new area will initially cover around 100 km2 and will be expanded to 200 km2 in the mid-term with plans for further expansion of 2,000 km2 in the long term.
The move is a “major historic and strategic choice made by the Central Committee of China’s Communist Party State Council with Comrade Xi Jinping as the core,” said the circular, which described the decision as “a strategy crucial for a millennium to come.” 
What are the main functions of Xiongan New Area?
- Help phase out functions from Beijing that are not related to the capital
- Explore a new model of optimized development in densely-populated areas
- Restructure the urban layout in the Beijing-Tianjin-Hebei region
- Build Xiongan into “a demonstration area for innovative development”
- The area feature geological advantages, convenient transportation, an excellent ecological environment, ample resources and lots of room for development
Xiongan is located approximately 100 kilometers southwest of downtown Beijing, the Xiongan New Area covers the counties of Xiongan, Rongcheng and Anxin, and is home to Baiyangdian, one of the largest freshwater wetlands in North China.
Significance? One of the reasons for developing the Xiongan district is that the region would serve as a high-technology hub for the Beijing-Tianjin-Hebei (Jing-Jin-Ji) metropolitan region. In fact, the government is looking to use the most advanced world-class standards and technologies to build the city; Xiong’an will serve as a so-called “iconic project” for the township initiative. The interest in showcasing cutting-edge green technologies may open opportunities for CW China to introduce wood technologies to this massive development.
 From China Daily: http://www.chinadaily.com.cn/china/2017-04/01/content_28774796.htm