Busi­ness­man to build $39 bil­lion smart city

China Daily (Canada) - - NEWS CAPSULE -

Yan Jiehe, one of China’s wealth­i­est busi­ness­men, said he plans to spend 250 bil­lion yuan ($39 bil­lion) to build a first­class smart city in South China’s Guang­dong prov­ince.

Ac­cord­ing to South China Morn­ing Post (SCMP), the city will host a pop­u­la­tion of 250,000 with its pri­mary fo­cus on ed­u­ca­tion and the med­i­cal sec­tor.

“It will beat any other smart city in the world,” said Yan, 55, founder of China Pa­cific Con­struc­tion Group. Yan and his son were listed as the sixth-rich­est peo­ple in the Chi­nese main­land by the lat­est Hu­run re­port, with a for­tune es­ti­mated at 91 bil­lion yuan.

“There will be no over­passes nor traf­fic lights in the city and peo­ple have to use tun­nels to cross a river to pre­serve the nat­u­ral land­scape,” Yan said. He said only “rich peo­ple” will be wel­come to set­tle in the city. “My def­i­ni­tion of be­ing rich is not only hav­ing financial strength but also be­ing well ed­u­cated and noble-minded,” he said in a SCMP re­port. “I don’t sell prop­er­ties to those who get rich overnight and ap­pear to be un­civ­i­lized.”

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