The new project will require large quantities of steel, copper and other materials, and the city's area will be almost three times the size of New York. Beijing's Belt and Road Initiative to create the Eurasian Trade Route has already started, but the infrastructure development program is facing challenges. In contrast, the success of another ambitious project by Chinese President Xi Jinping inspires a lot of confidence.
The president announced plans at the state level to transform an area called Xiongan, located 110 kilometers south of Beijing and near the port city of Tianjin, into a technology and innovation hub by creating a city that will eventually cover 2,000 square kilometers, or nearly triple. more New York.
The new Xiongan neighborhood is designed to ease the pressure on Beijing, which suffers from overcrowding, pollution and traffic congestion. The central government will relocate many state-owned enterprises and institutions, including universities to Xiongan.
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Metallurgy news
- 30 June 2025
19:00 Main metric capitalization: 577M (a year ago was 3 times more) 18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business 11:00 The program "Factory of Ideas" celebrated the 13th anniversary 10:00 "Sword" - salvation of drowning 10:00 However, while reducing coal production in the Russian market continues, the ruble will weaken and the key interest rate will decrease further. 08:00 The cost of electricity for industrial companies from July 1 will increase by more than 20% due to increased sales allowance 08:00 CMACP has identified sectors of the Russian economy that are under financial stress
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