Vibrant business climate, industrial clusters propel "city of future" into innovation powerhouse SHIJIAZHUANG, June 26 (Xinhua) -- Artificial intelligence (AI), digital technology, biotechnology and low-altitude economy are among an array of cutting-edge technologies spanning diverse fields that help animate a major industrial park in the Xiong'an New Area in north China's Hebei Province. The Xiong'an New Area, located about 100 kilometers southwest of Beijing, was established on April 1, 2017, to relieve Beijing of non-essential functions related to its status as the nation's capital. The emerging modern city is now positioned to become a pioneering innovation hub and a model of promoting high-quality development. Wang Shiyuan, president of Victory Traffic Science and Technology Co., Ltd., believes he made the right decision by relocating his company to the new area in 2020. Having sold smart traffic signal systems and other intelligent transportation products to over 10 countries worldwide, including the United States, Germany and Mexico, the entrepreneur said the Xiong'an New Area itself serves as a powerful calling card for his business. "Last year, I took my clients from Central Asian countries to the new area, as they were all aware of its high national standing," he said. "When they learned that my company's products had already been deployed in Xiong'an, they immediately gained greater confidence in our technology." The appeal of Xiong'an, however, goes even further. According to Wang, the industrial cluster effect in the new area has helped his company reduce costs by 15 percent, as Xiong'an has brought together a host of enterprises in electronic information, intelligent transportation and AI. "Whenever I need something, such as a software upgrade, I simply post the request in an online chat group that connects several hundred firms in the new area's Zhongguancun Science Park," he said. "Within minutes, someone will reply