Why Chinese President Xi’s $93B Personal Megacity Remains Empty | WSJ

Video Description

China’s $93 billion smart city of Xiongan is President Xi Jinping’s utopian legacy. But after seven years of development, one of the world’s most expensive infrastructure projects remains largely empty. Located 60 miles outside Beijing, Xiongan is designed to ease pressure on the overcrowded and congested Chinese capital of more than 20 million people. So why are the streets of the new metropolis empty and will people move in? WSJ examines the challenges facing the megaproject and how it is exposing the limits to President Xi’s rule. Chapters: 0:00 Xiongan’s troubles 0:23 Why the smart city is being built 1:55 Importance for President Xi 3:00 Xiongan population News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #China #Xiongan #WSJ