BR100 Increased By (1.73%)
BR30 Increased By (1.95%)
KSE100 Increased By (1.89%)
KSE30 Increased By (1.95%)
BECO 5.71 No Change ▼ 0.00 (0%)
BML 58.71 Decreased By ▼ -0.96 (-1.61%)
BOP 36.38 Increased By ▲ 0.65 (1.82%)
CNERGY 8.33 Increased By ▲ 0.05 (0.6%)
DCL 11.86 Decreased By ▼ -0.27 (-2.23%)
FCCL 57.51 Increased By ▲ 0.12 (0.21%)
FCSC 5.42 Decreased By ▼ -0.10 (-1.81%)
FFL 18.06 Increased By ▲ 0.03 (0.17%)
FNEL 1.34 Decreased By ▼ -0.01 (-0.74%)
HUMNL 11.67 Increased By ▲ 0.01 (0.09%)
KEL 8.14 Increased By ▲ 0.07 (0.87%)
KOSM 6.06 Decreased By ▼ -0.20 (-3.19%)
MLCF 97.67 Decreased By ▼ -0.46 (-0.47%)
NBP 206.61 Increased By ▲ 8.28 (4.17%)
PACE 11.76 Decreased By ▼ -0.01 (-0.08%)
PAEL 43.56 Increased By ▲ 0.47 (1.09%)
PIAHCLA 27.95 Increased By ▲ 0.60 (2.19%)
PIBTL 18.35 Increased By ▲ 0.39 (2.17%)
PPL 238.89 Increased By ▲ 6.11 (2.62%)
PRL 36.27 Increased By ▲ 0.58 (1.63%)
PTC 67.99 Increased By ▲ 0.41 (0.61%)
SEARL 98.00 Increased By ▲ 3.72 (3.95%)
SSGC 30.43 Increased By ▲ 2.77 (10.01%)
TELE 9.54 Increased By ▲ 0.35 (3.81%)
THCCL 68.69 Decreased By ▼ -1.90 (-2.69%)
TPLP 11.27 Decreased By ▼ -0.10 (-0.88%)
TREET 26.25 Increased By ▲ 0.83 (3.27%)
TRG 70.42 Increased By ▲ 1.57 (2.28%)
WAVES 11.40 Increased By ▲ 0.15 (1.33%)
WTL 1.29 No Change ▼ 0.00 (0%)

China will establish a new special economic zone in the heavily polluted province of Hebei in order to promote integration with the neighbouring cities of Beijing and Tianjin, the government announced on Saturday. The Xiongan New Area will be of the same national significance as the Shenzhen Special Economic Zone, which helped kickstart China's economic reforms in 1980, the official Xinhua news agency said, citing a circular released by the Chinese cabinet.
The zone is located around 100 km (60 miles) southwest of Beijing, close to the Hebei provincial capital of Shijiazhuang, and will house some of Beijing's relocated "non-capital functions". It is currently 100 square kilometres in area but will eventually be expanded to 2,000 square kilometres. China is currently implementing a plan aimed at integrating the economies of Hebei, Beijing and Tianjin, a heavily polluted region known as Jing-Jin-Ji. The development of separate "fortress economies" in the region was blamed for widening income disparities and causing a "race to the bottom" when it came to environmental law enforcement.

Comments

Comments are closed for this article.