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 Citing Coronavirus, Hong Kong Postpones Legislative Elections for a Year — Chief Executive Carrie Lam said she would postpone upcoming legislative elections for a year, citing a recent upsurge in coronavirus cases, in a move likely to fuel international furor over the city’s diminishing political freedoms.China Moves to Punish Luckin Coffee for Fabricating Sales — Chinese regulators are preparing punitive action against Luckin Coffee, less than four months after the company revealed that it had fabricated hundreds of millions of dollars in sales.China Won the First Leg of the Post-Covid Race. The Next One Will Be Harder. — China’s manufacturing purchasing managers index was boosted by a less steep decline in new export orders, but factory pr