Xiong’an New Area in Hebei Province has demonstrated remarkable economic transformation during China’s 14th Five-Year Plan period (2021-2025), establishing itself as the primary destination for Beijing’s non-capital function relocation initiative. This strategic decentralization drive has propelled the area into a phase of extensive development and quality growth, according to officials at a recent press conference.
The statistics reveal an extraordinary economic performance, with Xiong’an achieving an average annual GDP growth rate of 17.1% over the past five years. This expansion has been supported by consistent annual investment approximating 200 billion yuan ($28 billion), accumulating to over one trillion yuan in total capital infusion, as reported by Wang Yanwei, director of Xiong’an’s Reform and Development Bureau.
The relocation program has attracted major state-owned enterprises, with China Satellite Network Group, Sinochem Holdings, and China Huaneng Group having officially transferred their headquarters to the new area. Concurrently, construction is progressing rapidly on multiple fronts, including China Mineral Resources Group’s headquarters facility, along with four universities and two medical institutions in the initial relocation cohort.
A subsequent wave of development is already underway, featuring the commencement of China Datang Corporation’s headquarters construction and finalized location agreements with additional enterprises and institutions, comprising three hospitals and five universities. This concentrated migration has generated powerful industrial clusters, with more than 400 subsidiaries and innovative business segments of central enterprises now established within Xiong’an.
The area is rapidly evolving into a concentrated zone for higher education, elite talent, advanced medical resources, and state-owned enterprise innovation. This transformation is bolstered by substantial infrastructure advancements, including the nearing completion of critical transportation corridors such as the east-west axis railway and the Jingxiong Express Line connecting to Beijing Daxing International Airport.
Public service capabilities have been systematically enhanced through the completion and operationalization of cultural and sports facilities, including the Xiong’an Sports Center and Xiong’an Library. Looking toward the 15th Five-Year Plan period (2026-2030), authorities plan to maintain focus on the relocation strategy to drive industrial innovation, technological advancement, and further talent aggregation, aiming for decisive progress in establishing a high-standard modern urban center.