Beijing satellite city starts to take shape

Beijing is getting the equivalent of Shanghai’s Pudong with the transformation of historic but shabby Tongzhou into a business, entertainment, industrial, high-end residential and recreational hub.
It is the job of Stephen Xu, director of the International Business of Beijing Investment Promotion Bureau, to promote the ambitious development that will see a new financial district for the city.
English People’s Daily Online quoted Xu as saying, "Thirty-five real estate investors have already shown an interest, including the US Perot Group, Swire Properties, CITIC Group and Beijing Oriental Plaza.
"It will be an international city like Pudong or Shenzhen. We hope to take some of the population out of Beijing to reduce congestion. It will be a water city like London, New York and Tokyo. It will also be a green city. Very many new, low-carbon concepts will be used to build it and keep it green."