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"Guangzhou is one of the best places for the fourth industrial revolution," said Klaus Schwab, founder and executive chairman of the World Economic Forum.

"Hainan's institutional building and progress will cultivate a more open and fairer business environment, further boosting market vitality and internal growth momentum of the economy," said Xia Feng, executive director of the Institute for Advanced Studies of Humanities and Social Sciences at Hainan University.

"Finally, I don't have to use the tire chains any more," He said.

"For foreigners, a two-bedroom apartment costs only about 5 million yuan. We can let it out at about 20,000 yuan per month, which is higher than the rent in China," Dong said.

"Given that the yields on wealth management products will continue to drop, consumers should give top priority to products with longer maturity," he said.