Chor Bazaar: Echoes of Informal Economy

American fighters shot down a balloon that China says was monitoring the weather, but America insists was spying. It was a minor incident, but it highlights the relationship of a great-power rivalry with inadequate guardrails. Our correspondent visits a market in Mumbai to see what might be lost as India’s economy formalises.  And some surprising—and worrying—data puncturing the myth about the skinny French.

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