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Analysts divided on Xiongan while investors cheer

Some say Beijing's new economic zone will have limited impact on national growth

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Government building in Xiongxian county, part of the new special economic zone, Xiongan New Area in Hebei province   © Reuters

HONG KONG -- Despite surging stock prices, analysts are divided about China's latest grand plan to develop a special economic zone in Hebei province near Beijing, with some saying that Xiongan will still play second fiddle to Pudong and Shenzhen.

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