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’s Xi Speeds Up Inward Economic Shift — With the world in recession and U.S.-China tensions deepening, President Xi Jinping is laying out a major initiative to accelerate China’s shift toward more reliance on its domestic economy.How to Beat China and Help the World’s Poor — A plan to unleash the power of ownership by formalizing capital in the informal economy.
The Financial Times
Beijing on flood alert as rains hamper China’s economic recovery — Deluges drive up food prices and worsen impact of coronavirus-induced slowdown.Polysilicon price soars after blasts at key Chinese plant — 56% rise is a blow for governments keen to promote adoption of renewable energy.China treads cautiously in the face of US sanctions — Bei
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