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Power Construction Corp of China

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23:00

2026-06-28

scmp.com

ai-startups

Will China’s new northern tech bases in Hebei and Tianjin spark local housing demand?

China's new tech bases in Hebei and Tianjin, including Pinduoduo's move to Xiongan New Area, may boost local rentals but home sales growth is expected to be milder than past surges due to cautious buy…

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Pinduoduo 1 Xiongan New Area 1 Hebei 1 Tianjin 1 Fitch Ratings 1 Lulu Shi 1