I work with Hult and just wanted to clarify: Hult's one year program does include the Shanghai campus as part of the global rotation, but you cannot study the entire year in Shanghai. The way it works is that you start your one year MBA at one of Hult's other campuses (Boston, Dubai or London). You can then choose to take some electives in Shanghai for six weeks. You can also choose to move to a third campus for another set of electives, so the maximum is three out of the four campuses during the year. There is a bit of extra information here:
http://www.hult.edu/mba-program/admissions/faq#16