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As a result of the tariffs on billion worth of imported goods from China, the cost of a fireplace goes up 10 percent, quartz and granite countertops rise 10 percent, garage doors 5 percent, and sheet metal products for heating systems are up 10 percent, said Ed Waller, CEO of the Windsor, California-based Shook and Waller Construction Inc.

As former Morgan Stanley employee Duncan Clark writes in his book Alibaba: The House That Jack Ma Built, "SARS validated digital mobile telephony and the internet, and so came to represent the turning point when the internet emerged as a truly mass medium in China."

As for cowboys being racist, in the 1800s cowpokes were a surprisingly diverse group. After the American Civil War (1861-1865) many emancipated blacks headed out west. An estimated 25 percent of cowboys, or 6,000 to 9,000 men, after the war and through the 1880s, were black, while about 20 percent of US cavalry troops were black, according to WyomingHistory.org.

As head of SAFE, Zhou played a key role in managing China’s monetary policy during the Asia Financial Crisis without devaluating the yuan.

As foreign investors reach out to emerging markets, and with Chinese market and domestic investors' growing appetite for global asset allocation, Sun finds asset managers in Hong Kong well placed to seize the "two-way" opportunities.