Caixin
Mar 31, 2014 05:09 PM

Hebei City's Property Market Buzzes over Beijing Satellite Plans

(Baoding, Hebei) – Plans by officials in the northern province of Hebei to develop some of their cities so they can serve as satellites to the overcrowded Chinese capital already have the housing market in one of the towns percolating.

Officials in Hebei, a northern province that envelops the capital, put forward a development plan on March 26 that would allow Baoding and other towns to host central government agencies, universities, research facilities and hospitals.

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