China's $290 Billion Dream to Make a New Shenzhen

The transcript discusses the development of a new economic zone near Beijing, which aims to rival major cities like Shenzhen and Shanghai. The plan includes attracting businesses, universities, and tech firms. However, real estate speculation led to skyrocketing house prices, prompting government intervention. Local businesses see opportunities, while predictions suggest significant economic and population growth. Despite these prospects, locals face challenges such as potential relocation, and the government aims to create an environmentally friendly zone. President Xi's strategy seeks to leave a lasting legacy and boost the economy.

What is the expected population growth for the new area within 15 years?

What are the environmental goals associated with the development of the new economic zone?