EDM1 – Issue 159

Hold on to your handbags, on signs the luxury market is losing steam

Plus: China buys half of Iran’s oil (but escapes US sanctions for now); Yurun kingpin steps down from pig-and-property empire; and stumbling BYD struggles with bad publicity over exploding electric car

Also: homegrown blockbuster humbles Hollywood; CCTV gives Michelangelo statue a modesty makeover; and the Qingdao experiment that ended in huge paper losses