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Low-carbon special economic zone to be built in Xiong’an, China

Canada Wood Team

By Canada Wood Team

May 2, 2018

The Chinese government has announced in April the location of a special economic zone (SEZ) that will effectively serve as an extension of Beijing.

The Central Committee of the Communist Party of China and the State Council, China’s Cabinet, jointly announced Xiong’an New Area will be established in Hebei Province.
The 100 sq km (38.6 sq mile) zone is expected to eventually expand to 2,000 sq km – nearly three times the size of New York City. It’s a key component of a “mega-region” developing around Beijing, Tianjin and Hebei.
President Xi Jinping said Xiong’an – home to one of China’s biggest wetlands – would be developed to world class standards with a focus on ecological protection and well-being.
The SEZ will be developed into a green and low-carbon city while characteristic small towns will be built around it, according to a circular issued by the government.
An official with the preparatory committee said they might welcome high-tech companies involved in 5G communications, biomedicine, artificial intelligence and internet finance, according to Xinhua News Agency.