Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Forget About 5G, China Says. We’re Already Developing 6G
Alibaba Sued by Home Appliance Maker Over E-Commerce Marketing
WeChat Pay Eyes Foreign Visitors in Race with Alipay
Didi Apologizes After Driver Allegedly Stabs Angry Passenger
Huya Posts Solid Third-Quarter Growth as User Base Expands
Kingsoft Office Targets $660 Million as It Moves Toward Listing on New Shanghai Tech Board
Expanding Central Bank Campaign Imposes More Fines for Money Laundering
Investors Applaud SMIC and YY, Shun Huami After Latest Earnings Reports
China Sets PM2.5 Goals for Yangtze River Delta and Fenwei Plain Regions
Is Didi Next in Line for Valuation Correction?
Challenging Tesla, Chinese Property Giant Vows to Unveil First Electric Car Next Year
Two Persons Diagnosed With Pneumonic Plague in Beijing
Huawei Hands Out Billions in Bonuses for Staff Response to Sanctions
Tencent Marks Anniversary by Touting Its Tech as Good for Society
Xiaomi Maintains Lead in India Handset Market, but Chinese Rivals Pose Growing Threat
China to Launch Mobile Number Portability Program on Dec. 1
China’s Pork Prices Rose 101% Year-on-Year in October
In Depth: Is the Sharing Economy Bubble Bursting?
After Double 11 Smashes Shopping Records, What Next for China’s E-Commerce Giants?
China ‘Confident’ That Brazil Will Let Huawei Build Its 5G Mobile Network
Gree to Invest $290 Million in Another Chipmaker
China Raises Annual Rare Earths Quotas at Least 10%
Update: Alibaba’s ‘Double 11’ Shopping Gala Reaches New High as Hong Kong IPO Looms
Xiongan Starts Land Acquisition From Farmers, Releases Compensation Standards

By Zhao Runhua / May 15, 2019 04:32 PM / Economy

Photo: IC Photo

Photo: IC Photo

China’s much-anticipated new economic zone — the Xiongan New Area — formally began acquiring land from local residents on Tuesday, state-run Xinhua News Agency reported.

The still-under-construction area, about 100 kilometers (62 miles) southwest of Beijing, just turned two years old. It will serve to help the region around Beijing develop, and will take on some of the capital numerous non-essential duties.

The government is now acquiring land to complete infrastructure projects where residents’ houses and farmlands are currently located. China released some details of the compensation agreements.

Starting from the first batch of two villages, residents involved can choose to receive either cash compensation or new accommodations — the specifics of which were not published.

Residents who dispute the compensation or relocation offers can appeal to a local government bureau, publication The Paper cited a local notice as saying.

Related: Beijing Regional Integration Is Lagging Behind Peers

Share this article
Open WeChat and scan the QR code