November 12, 1941: war and revolution are in the air. At the Shanghai Race Club, the city's elite prepare to face off their best horses and most nimble jockeys in the annual Champions Day races. Across town and amid tight security, others celebrated the birth of Sun Yat-Sen in a new city center meant to challenge European imperialism. Thousands more Shanghai residents from all walks of life attended the funeral of China's wealthiest woman, the Chinese- French widow of a Baghdadi Jewish businessman. But the biggest crowd of all gathered at the track; no one knew it, but Champions Day heralded the end of a European Shanghai.

Through this colorful snapshotof the day's events, the rich and complex history that led to them, and a cast of characters as diverse as the city itself, James Carter provides a kaleidoscopic portrait of a time and a place that still speaks to relations between China and the West today.