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Xiao Minjie: China's Xi Jinping unveils plans for Xiongan New Area

The new economic zone will be big, but will it have Shenzhen's spark?

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A woman rides on a motorized tricycle on a main road in Xiongxian County, part of the new special economic zone, Xiongan New Area, on April 6.   © Reuters

China's new special economic zone to be developed in Hebei Province, surrounding Beijing, is likely to attract many high-profile domestic companies and government bodies. Whether it can become a driving force of economic reform across the country, however, remains to be seen.

The Communist Party's Central Committee and the State Council announced in a joint statement on April 1 that a new district called the Xiongan New Area would be created in the northeastern province.

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