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Pictet: Xiong’an New Area could assist China’s economic transition

The Chinese government’s recently unveiled plans to create what it calls the Xiong’an New Area, a development zone, has significant implications for Beijing and the broader economy. Pictet reckons that if successful, the initiative could pave the way for a significant boost to Hebei province’s economy, while also acting as a testing ground for urban development strategies and being a…

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