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Concern grows over Beijing stifling resurgent Hong Kong

Prosperity serves China's interests, but talk of independence risks crackdown

TOKYO -- Hong Kong is undergoing a dramatic economic boom, with prices for property, luxury items and stocks hitting new heights. But beneath the economic excitement is growing concern about the territory's future.

Only two years ago, Hong Kong was in a dire state, symbolized by a decrease in tourists from mainland China, the closure of  luxury watch stores and falling real estate prices. But the autonomous territory is now possessed by bubble-like exuberance.

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