Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
The Wall Street Journal
A Rising China’s Underclass Is Suddenly Thrust Into the Light — Jobs, instead of growth, will be the focus of China’s post-Covid-19 economy. The plight of the country’s millions of low-income workers is highlighting the gaps in China’s social safety net—and creating political fissures as well.China’s Companies Find Ways to Avoid Bond Blowups — Chinese companies are avoiding or minimizing bond defaults, even as the economy shrinks for the first time in decades. Some methods include asking creditors to wait longer for repayment or forgo the right to redeem bonds early.China’s Factory-Gate Deflation Accelerates — Industrial prices fell at their fastest pace in more than four years as the coronavirus pandemic crushed global demand for
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