Officials on how to develop Xiongan New Area into world-class area

Wu Hequan, deputy head of the expert advisory committee on the collaborative development of Beijing, Tianjin and Hebei under the State Council [Photo/VCG]

He said that China will explore a new path to reform the property market in the newly established Xiongan New Area in Hebei province.

The reform process will include managing property prices without hurting the real estate industry, making sure those in need of housing could afford one and making the new area attractive for startup founders.