(In 2017) China's government plans to create an economic zone(经济区)called the Xiongan New Area. And it hopes the zone will become a center for technology.
Xiongan New Area will be about three times the size of NewYork City. It is expected to become like Shenzhen—a bridge be-tween Hong Kong and mainland China.
But soon after the plans for Xiongan were reported, problems began quickly.
Stock(股票) prices of companies in the area rose quickly when the plans were reported. But officials halted trading for those stocks for some days at first. When trading star-ted again on Monday, the share prices(股价) of many companies dropped quickly.
When the plans were reported,housing prices in the area rose quickly. Officials then quickly stopped all housing development projects.
A reporter recently visited sales offices in the area. All of them stopped trading houses.
The central government has suggested people move some offices from Beijing to Xiongan. Schools and universities will be also moved to the zone.
A newspaper said the new zone is an important part of Xi Jinping's" Chinese Dream". An expert said the zone could work out many problems,such as pollution and a large gap (差距) between China's rich and poor.