EmbedVideo(1942, 482, 304); An economic analysis of a local, family-run bread bakery is the topic of the latest dispatch from Yoram Bauman, our temporary economist-in-residence in China. Using his improving (but still a bit limited) language…

Actors perform Kunqu, one of the oldest forms of Chinese Opera, on the subway this week in Nanjing, China. Photo by: ChinaFotoPress /Getty Images.