Speculative rampage in China


HONG KONG: It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy.

Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province – in the same spirit that Shenzhen and Shanghai’s Pudong was built – hordes of prospective buyers had thronged to the region.

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Business , China , economy , real estate , property

   

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