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But, there’s no guarantee the price correction in an overheated market will be a gradual process allowing lenders and borrowers time to adjust. Such worries have been magnified by the uncertain economic outlook created by the ongoing trade war between Hong Kong’s two largest markets — the United States and Chinese mainland.

But three new companies emerged in the public markets with IPOs: Tableau, NanoString and Zulily.

But with the rise of online shopping, e-readers and the multiplying sources of entertainment in China, Yang's bookshop has been running on empty ever since its establishment, loosing over one million yuan last year alone.

But, it’s easier said than done. Over the past decade, we’ve seen spectacular flops,?like Microsoft’s Kin phone, which targeted the teen market, and more recently with the Facebook phone, called the HTC First.

But, as I always like to say when these city-to-city comparisons come up, at least we’re not Cleveland. (I am a loyal Buckeye, so I can say that, right?)