Aug 12, 2020 - 6 min
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How did the startling figure end up in the pockets of 300,000 urban villagers? Few places capture China’s embrace of free markets, and the Communist Party’s new concern with what Chinese-style capitalism has created, like Shenzhen. Bloomberg News explores how the city’s urban villagers quietly amassed vast riches in ways that escape most outsiders. Here, they reveal how Shenzhen became the home of the most expensive real estate in the world, and why its residents think their luck may be running out.
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