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The bubble-like demand for walnut shells, inspired by the tastes of Chinese emperors, has cracked as the economy slowed

2 months ago
Sky Canaves
he popularity of jewelry and carvings made from walnut shells among China's newly wealthy saw prices for the nuts skyrocket between 2008 and 2013, fueling speculation and risky business ventures.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.