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China said it plans to expand Shenzhen's Qianhai economic zone by eight times, which many believe could benefit Hong Kong’s financial sector, one day after announcing a new cooperation zone for Macau with neighbouring Hengqin.
The zone would offer a “wider stage” for Hong Kong to expand its growth and for young people to seize new opportunities, according to mainland officials, as state media Xinhua news agency reported that the size of the area would increase from 14.9 square kilometer (3,706 acres) to 120.6 square kilometer.
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