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
TikTok Deal Could Challenge Microsoft CEO’s Light Touch on Acquisitions — If Microsoft prevails in its bid to buy TikTok’s U.S. operations from Beijing-based ByteDance, the software giant is likely to have to take a more hands-on role than it has with previous acquisitions.China to Expand Testing of a Digital Currency — China said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment system.Company Fined for Importing Sweetener U.S. Says Was Made With Chinese Prison Labor — A U.S. importer has been fined $575,000 for importing powdered food sweetener that was made by prison labor in China, in violation of federal
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