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 Gives Death Sentence to Canadian Charged With Making Ketamine — A Chinese court imposed the death penalty on a Canadian citizen charged with producing illicit drugs, in a case that could further strain already frayed ties between Beijing and Ottawa.Pandemic Lays Bare U.S. Reliance on China for Drugs — Acetaminophen, antibiotics and high blood pressure treatments are among a slew of pharmaceutical ingredients made predominantly by China. Disruptions and high demand have expanded concerns about the supply of medicines.
The Financial Times
Foreign holdings of Chinese bonds rise in global chase for yield — Institutions pile in to escape low rates in other big economies.TikTok deal tests Microsoft’s decades of China experience — T
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