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China's plan for new Shenzhen sparks frenzy of speculation

Shares of Chinese cement, building, port-related firms surge in HK on hopes of major construction activity

    Published Mon, Apr 3, 2017 · 09:50 PM

    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 were built - hordes of prospective buyers had thronged to the region.

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