What a controversial pastry says about China’s economy – Reading the crumbs

Mooncakes are a useful indicator of trends, from consumption to corruption. MOONCAKES are among the most divisive treats. For some the chewy pastries are delicacies on which to gorge for the Mid-Autumn Festival, a Chinese holiday that falls this year on September 24th. For others they are dry, dense and full of calories. But for economists they are something else entirely: … https://econ.st/2NYgjOP

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