Google believes that in three years or so desktops will give way to mobiles as the primary screen from which most people will consume information and entertainment.

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An investor in Shanghai recently bought 54 apartments in a single day; a villa sold for $30 million last year; and in December a consortium of developers paid more than $3.5 billion for a huge tract of land in Guangzhou, one of the highest prices paid for any property, anywhere.

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As movies rely increasingly on digital effects, Hollywood is looking at Silicon Valley to enhance scenery, bring characters to life and even render whole worlds from scratch.

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