China central to Duke's expansion

Despite a business world currently gripped by fear and panic, Duke University's Fuqua School of Business is initiating an ambitious global expansion plan mainly targeting China.

Shanghai is high on the US university's expansion list, which is "much larger than just Fuqua", Blair Sheppard, dean of the business school, told China Daily.

"Shanghai is going to be New York in east Asia, or you might say New York will be Shanghai in the US in two or three years," Prof Sheppard said.