China’s cen­tral bank cuts RRR by 1 per­cent­age point

Global Times - Weekend - - FRONT PAGE - By Zhao Yusha

Bei­jing’s green, com­fort­able sub-cen­ter, which aims to house 1.3 mil­lion per­ma­nent res­i­dents by 2035, will not only re­lieve the pres­sure on the megac­ity, but also be a model for mega­lopolises in other coun­tries, in­clud­ing In­dia.

The sub-cen­ter, which sits in the east of the cap­i­tal, will cover 155 square kilo­me­ters and will be ex­tended to cover the en­tire Tongzhou district, which spreads over about 906 square kilo­me­ters, ac­cord­ing to the plan for the fa­cil­ity’s devel­op­ment from 2016 to 2035, which was ap­proved by the Com­mu­nist Party of China (CPC) Cen­tral Com­mit­tee and the State Coun­cil on Thurs­day.

In or­der to make liv­ing com­fort­able, the pop­u­la­tion den­sity will be 9,000 per square kilo­me­ter, reads the doc­u­ment.

In 2017, the pop­u­la­tion den­sity of Bei­jing’s Dongcheng and Xicheng dis­tricts reached 20,330 and 24,144 per square kilo­me­ter re­spec­tively, ac­cord­ing to a blue book on Bei­jing’s pop­u­la­tion re­leased by the Bei­jing Pop­u­la­tion Re­search In­sti­tute at Party School of the CPC Bei­jing Mu­nic­i­pal Com­mit­tee and So­cial Sci­ences Aca­demic Press in De­cem­ber 2018.

Bei­jing will have more sub-cen­ters in the fu­ture, Niu Fen­grui, a re­search fel­low at the Chi­nese Academy of So­cial Sci­ences’ In­sti­tute for Ur­ban and En­vi­ron­men­tal Stud­ies, told the Global Times.

About 400,000 to 500,000 peo­ple will move to the sub-cen­ter by 2030, read a plan ap­proved by the Tongzhou district gov­ern­ment in 2017.

Res­i­dents will find use­ful ser­vices within a five-minute walk and var­i­ous ur­ban en­ter­tain­ment fa­cil­i­ties within a 30-minute walk, said the lat­est doc­u­ment.

The sub-cen­ter will be a district with­out “ur­ban dis­eases,” be­cause it will adopt strict rules to pro­tect the cen­ter’s en­vi­ron­ment, in­clud­ing an eco-friendly pub­lic trans­port sys­tem; strive to im­prove the air qual­ity, re­duce wa­ter and soil pol­lu­tion; and de­velop strict man­age­ment of wa­ter re­sources and in­tel­li­gent ur­ban man­age­ment sys­tems.

This could pro­vide so­lu­tions to megac­i­ties world­wide, es­pe­cially for In­dia, whose large cities have prob­lems like ours, added Niu.

Bei­jing’s new sub-cen­ter will not de­velop real es­tate projects on a large scale, and spec­u­la­tive buy­ing of real es­tate will be pro­hib­ited, the doc­u­ment said, adding that the mar­ket will play a de­ci­sive role in re­source al­lo­ca­tion.

It will help re­lieve ur­ban pres­sures on Bei­jing by host­ing ad­min­is­tra­tive of­fices, shoul­der­ing busi­ness re­spon­si­bil­i­ties, ser­vices and cul­tural tourism, said the doc­u­ment.

It noted that some gov­ern­ment of­fices, univer­si­ties and hos­pi­tals will be moved to the sub-cen­ter as well.

The plan also out­lined the sub-cen­ter’s func­tion of co­or­di­nat­ing devel­op­ment with sur­round­ing ar­eas in neigh­bor­ing He­bei Prov­ince.

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