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How Shenzhen Mimics Silicon Valley $QQQ

WSJ.com

The southern city of Shenzhen aspires to become China’s Silicon Valley. But while it boasts some well-known technology companies, perhaps its strongest resemblance to the U.S. tech hub is something less enviable: sky-high housing prices.

Shenzhen topped Beijing and Shanghai to become China’s most expensive housing market in May 2015, according to E-house China R&D Institute, a real-estate research organization. Through April, housing prices in Shenzhen had risen 62% from a year earlier, compared with 28% in Beijing,…

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