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
Businesses to Slash Overseas Investment Amid Pandemic Risks — New overseas investments will fall by 40% this year and as much as 10% next year, according to new United Nations forecasts, as disruptions from the coronavirus push multinationals to bring production closer to home.U.S. Further Loosens Restrictions on Chinese Airline Flights — The Trump administration further eased plans to restrict passenger flights by mainland Chinese airlines to the U.S. after China said it would permit more passenger flights by the US. airlines.Huawei CFO’s Lawyers Say She Is Falsely Accused by U.S. — Lawyers for Huawei finance chief Meng Wanzhou told a Canadian court that the U.S. has wrongly accused her of lying to banks about the Chinese company’s business
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