Xiong’an city near Beijing struggles with low occupancy despite £68 billion investment

Xiong’an, a £68 billion city near Beijing, was built to address overpopulation but remains largely empty. Launched in 2017, it aims to house five million people but currently has only 1.2 million residents, many of whom may not be permanent. The city features advanced technology and green designs, but young professionals find it unappealing due to a lack of social activities. Businesses are reluctant to relocate employees there, despite government subsidies. To attract residents and businesses, authorities have introduced tax incentives and fast-track permits. However, critics question whether Xiong’an can achieve its ambitious goals amid changing urban migration patterns.