The Chinese middle class led a boom in demand for luxury goods. But a government crackdown made consumers wary about showing off their wealth. How has China’s new modesty affected the luxury business as a whole? Also: India’s power sector has until now been dependent on using dirty coal but things are changing. And sand has become a scarce resource, leading to a burgeoning trade in illegal mining. Simon Long hosts.
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from Business and finance http://www.economist.com/blogs/freeexchange/2017/03/money-talks-1?fsrc=rss