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Xi Jinping’s city of the future is coming to life – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Xi Jinping’s city of the future is coming to life

Xi Jinping’s city of the future is coming to life

Xiongan, China’s “city of the future” and a pet project of Xi Jinping, the country’s supreme leader, has become a byword for costly vanity projects. Central-government and provincial planners have spent at least 835bn yuan ($116bn) on the city since 2017, when they broke ground in what had been marshy farmland 125km south of Beijing. It has been touted as a solution to China’s urban maladies, with residents promised short commutes through leafy parks instead of cough-inducing traffic jams. The city is part, officials say, of a “one-thousand-year plan” in civilisation-building. A book about Xiongan from a state publisher lists its creation alongside the works of mythical emperors who supposedly lived 5,000 years ago.

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