SCIO press briefing on Q1 economic performance

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Speaker:
Mao Shengyong, spokesperson of the National Bureau of Statistics

Chairperson:
Xi Yanchun, vice director-general of the Press Bureau, State Council Information Office

Date:
April 17, 2017

China Economic Information Service:

I have a question on Xiongan New Area. As you know, the new area has gained widespread attention since news about it was released on April 1. Will its construction stimulate investment to some extent? Thank you.

Mao Shengyong:

Thanks for your question. Xiongan New Area is currently a major concern all over China and around the world. The plan to create the new area is a major strategic choice made by the CPC Central Committee and the State Council to remove functions not related to the capital from Beijing and to integrate the development of Beijing, Tianjin and Hebei Province. It is crucial for the millennial development to come and will play a significant role in promoting economic and social development. First, it has shored up confidence in different aspects at present. Second, it will expand the space for regional development in terms of actual growth.

Next, as the plan of the new area has been introduced, Xiongan is under construction step by step according to this plan, generating strong demand for businesses, industries and talents. It will provide many startup platforms and opportunities for market entities.

Chairperson Xi Yanchun:

That's all for today's press conference. Thank you, Mr. Mao, and all our friends from the press.

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