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Business Daily: Will Trade War hit China's Building Boom?

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Will Trade War hit China's Building Boom?

01/10/2018 GMT

BBC World Service - Business Daily, Will Trade War hit China's Building Boom?

Xiong'an, a new city in China, risks becoming a white elephant without more growth

As the US and Canada announce a new trade agreement, a trade war between the US and China still looms.

Laura Cooper from RBC Wealth Management told the BBC's Dominic O'Connell the North American deal came as a great relief after so much trade disruption lately.

George Magnus, a China expert and former chief economist at UBS, says it's difficult to see an easy end to the tension.

Presenter Ed Butler visited Xiong'an, a massive new city being built to provide more space for overcrowded and polluted Beijing. The government wants to build a new enormous economic zone - a new clean-and-green second capital city.

Yin Zhi, City Planner for Xiong'an New District, said there were environmental problems in the area, including a high flooding risk and poor access to transportation links. 

There's also the question of what happened to the people who already lived in the land being used?  And how will China pay for it all?

(Picture: Workers are seen on a scaffold close to the terminal building of the new Beijing Daxing international airport under construction in Beijing, 2018.  Credit: NICOLAS ASFOURI/AFP/Getty Images)

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