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China's Silicon Valley dream faces large roadblocks, bumps against reality
President Xi Jinping's grand plan to bind Hong Kong and Macau with the southern tip of China using the world's longest bridge and a cross-border bullet train faces some large roadblocks. While Hong Kong boasts the world's most unaffordable real estate, mainland cities have cheaper labor and property prices. Combined, the region accounts for just 5 percent of China's 1.4 billion people but generates more than 12 percent of its GDP, CLSA Ltd notes.
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