It said Xiongan will undertake non-capital functions from Beijing in an orderly way, focusing on universities, research institutes, medical institutions, corporate headquarters, financial institutions, and public institutions. Infrastructure and public services should be improved along with the local business environment.
It is expected to pose "a big stumbling block" for Chinese internet powerhouses, which bank on sheer user numbers and online traffic to gain a market position overseas, said Raymond Wang, a global partner at consultancy Roland Berger.
It is estimated that within two years, travel time between Shanghai and Qingdao will be cut to four hours from over seven hours currently.
It remains unclear where the tech startup plans to list its shares or how much it intends to raise. Bytedance declined to comment when contacted by China Daily on Tuesday.
It is not only the two parties involved who will want to see some resolution of the tariffs issue.
It is part of Weiqiao Pioneering's relocation of around one-third of its smelting capacity, totaling 2.03 million tons annually, from Binzhou in Shandong, to Yunnan's Wenshan.
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It is not unusual for zoos that can afford it to transport bamboo from other regions. The Calgary Zoo in Canada has imported bamboo from China, she said.
It ordered local governments to clamp down on irregularities in the census, including the falsification of data, forging census results and interfering in the census process.
It is the sixth consecutive year that China's autumn grain output has exceeded 600 billion kg, making China a high-level grain producer, Han said.
It quoted the Chinese saying of "Cross the river by feeling the stones," indicating it is important to start by taking careful steps to gradually gain experience and understanding that comes with investing in China.