CHINA TOPIX

New Special Economic Zone in the Outskirts of Beijing Leaves Real Estates Prices Soaring

Girish Shetti   |

Apr 03, 2017 01:29 PM EDT

China has announced that it will develop a special economic zone (SEZ) in one of the sleepy districts of Hebei province. This new SEZ, which will be located nearly 100 kilometers away from capital Beijing, is expected to revitalize the sluggish economy and minimize the burden on the over-populated city.