Asia luxury tougher sell

Asia Rebounding Rapidly, Bank Reports
The Asian Development Bank raised its growth forecast for China, India and developing Asian countries, crediting domestic demand.

European Shares Try to Turn Higher
Stocks in Europe were a few points higher in afternoon trading, following a generally down day in Asia, where China’s main index declined 2.6 percent.

Asia’s Recovery Highlights China’s Ascendance
Economists have predicted that China would come to rival and eventually surpass the United States in influence. That change may be arriving sooner than expected.

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