Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn 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 China Threatens to Sanction Lockheed Martin Over Taiwan Arms Deal — China said it plans to sanction Lockheed Martin over its role in a $620 million U.S. arms package for Taiwan, Beijing’s latest retaliatory gesture amid mounting pressure from Washington.TikTok, Bracing for Scrutiny in Australia, Seeks to Reassure Lawmakers — TikTok, the embattled short-video app run by Chinese technology giant Bytedance, has written to Australian politicians to reassure them about the safety of user data and its independence, as concerns about the app’s Chinese ties grow.Former Luckin Chairman Loses Control of Coffee Chain in Court — With Charles Lu losing control of all his shares in a court ruling, according to people familiar with the matter, ChineseSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.