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, Chinese priv
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