Government will open purse strings for Xiongan New Area

Injections of government money will improve infrastructure in the Xiongan New Area to attract talented people and create an ideal destination for high-end innovative industries, the nation's top economic regulator said on Thursday.

"Financial support will be given to carry out construction in areas such as traffic, ecology, water conservancy, energy and public services projects," said Yan Pengcheng, spokesman for the National Development and Reform Commission.

Yan said basic public facilities need to be good enough to attract talent, though he did not give the amount for such construction.