How to create jobs fast.

China will set up a new special economic zone, the Xiongan New Area, in Hebei Province, the government announced on Saturday. The Xiongan New Area, about 100 kilometers southwest of Beijing, will cover three counties, Xiongxian, Rongcheng and Anxin.
China's new project to build a megacity on the outskirts of Beijing will drive steel demand, with the country likely gobbling up an extra 12 to 14 million metric tons of the commodity a year if plans are implemented in 10 years, Citi Research analysts said in a note released on Tuesday.
The newest special economic zone of Xiongan in Hebei was announced on Saturday in a bid to boost domestic growth in a province that has been hit by massive job layoffs from heavy industries as China moves to maneuver economic growth away from manufacturing toward services.
Xiongan, south of Beijing, will initially cover 100 sq km (38.6 sq miles) and will be expanded in the long run to 2,000 sq km.
"Assuming the authorities wish to replicate Shenzhen in 10 years (double the speed at which Shenzhen was built) at least in terms of physical infrastructure, that would provide 12-14 million tons of extra steel demand per year on a current domestic demand rate of about 700 million tons, i.e. about a 2 percent uplift," wrote the analysts.
According to Citi's calculations, around 120 to 140 million tons of steel are required to replicate Shenzhen.
Citi based its calculations on the southern Chinese city of Shenzhen, a special economic zone grown from rice paddies in 1979 into a manufacturing hub and into its latest incarnation as a startup hub.
With well-connected infrastructure and reasonably high urban density, Xiongan will need 25-30 million tons of steel for residential infrastructure, another 35-40 million tons for the non-residential floor space, 35-40 million tons for the transportation and logistics infrastructure and 25-30 million tons for other utilities and infrastructure, Citi said.

 

The politicians can't argue about this. The President of China said to do it and do it now; no argument.
Right now, as of yesterdays news, there are approximately 35 million people in Beijing and probably 15 million of them will move to the new megacity. Poor people in rural villages will be moved to the new city and given jobs.
The infrastructure for the new city is already blueprinted and work will begin in a few days.
The same thing was done in ShenZhen; rice paddies transformed into a mega city and poor people moved there. Now there's new millionaires being created every single day in ShenZhen.

Friend of mine from Alaska bought a condo in ShenZhen and only kept it for 2 or 3 yrs. then sold it for $145K for a huge profit. Problem is, that condo is now worth a million USD.