Inside China’s $86 Billion Ghost City: Why Xiong’an Still Sits Empty

Xiong’an: China’s $86 Billion Ghost City
Xiong’an: China’s $86 Billion Ghost City

Deep in Hebei province, China, lies Xiong’an—a city planned as a model for eco-friendly urban living. With an eye-popping $86 billion price tag, this new city has earned a reputation as China’s latest ghost town. Despite all the hype, Xiong’an has sparked plenty of debate over urban planning and sustainable development in super-fast-growing economies.