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
Aircraft Carrier Size Investment Banks Won’t Solve China’s Financial Woes — A state-owned Chinese JPMorgan equivalent might help stave off foreign competition, but it won’t do much to fix the sector’s structural frailties.U.S. Allies Capture China Tech Business Despite Washington’s Curbs — The U.S. is making it tougher for American companies to help Beijing roll out superfast 5G cellular networks, but companies in Japan are fueling China’s leap ahead—and making money doing it.U.S. Is Vulnerable to China’s Dominance in Rare Earths, Report Finds — China sees its dominance in strategic rare-earth minerals as leverage that can be used against the West—including in trade disputes with the U.S., according to a new report by U.S.-base
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