Home China’s innovation economy a real estate bubble in disguise? Men stand in front of the gate of Tencent Space, a flagship technology incubator in Tianjin

Men stand in front of the gate of Tencent Space, a flagship technology incubator in Tianjin

Logo of Leilai Management is seen at Tencent Space in Tianjin
Buildings under construction are seen at Yujiapu in Tianjin
An empty area inside of Hongxiang Building, which houses an incubator for high-tech start-ups, is seen in Shacheng
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