Back in the roaring twenties, Shanghai doubled as Asia's commercial center and a playground for swashbuckling entrepreneurs from around the globe. Nightclubs like the Art Deco Ciro's and elegant hotels like the Cathay earned the city its nickname: the Paris of the Orient. And today, after decades in eclipse, Shanghai is once again red hot and swinging. As CEOs and heads of state gather there in October for conferences prior to the annual Asia Pacific Economic Cooperation meeting, they will find plenty to do in their leisure time. Crumbling colonial villas have been converted into funky bars and eateries, and grand...
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