Xiong’an, a small rural town in China, is set to become a city of 5 million people over the next decade. That’s the government’s plan at least. But could the whole thing end up as an expensive white elephant?
Ed Butler visits the site of this mega project two hours south of Beijing to discover some excited locals and a rather poorly attended fashion show. Could this bucolic setting become the next Shenzhen or Pudong? We hear some scepticism from Yan Song, professor, UNC Department of City and Regional Planning at The University of North Carolina at Chapel Hill, and from economist Michael Pettis of the Guanghua School of Management at Peking University.