China plans to build new city nearly three times the size of New York

Announcement of the Xiongan New Area leads to a frenzy of property speculation with investors clogging roads to get to site A hitherto anonymous region near China's smog-choked capital has been overrun by house buyers after Beijing unveiled "historic" plans to build a new city there in a bid to slash pollution and congestion. Plans for the Xiongan New Area, a special economic zone that authorities say will eventually cover an area nearly three times that of New York, were announced by the Commun...