The China Club, near the Forbidden City and owned by the well-known Hong Kong entrepreneur David Tang.

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The biggest moves so far have been in Hong Kong, with the Hang Seng China Enterprises Index, which tracks Chinese companies listed in the city, down 8.8% so far this year.

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The Hong Kong dollar is basically pegged to the dollar, making it the most expensive city in China.

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She has held Senior positions at Cambridge University UK and City University New York, and visiting positions at universities in Austria, China, Hong-Kong, India, Israel, Italy, Singapore, Sweden, Switzerland, Taiwan and the UK. She is the author of two books and numerous articles and monographs.

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