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
U.S. Executives Who Left China Amid Pandemic Are Stuck Abroad—and May Never Return — Thousands of China-based U.S. and other foreign business executives remain stranded outside the country due to coronavirus-related travel restrictions, leading some to give up hope of returning and posing operational challenges for their companies.The Fed Helps Put High-Yield in High Gear; Alarm Animates Fed Commentary on Fiscal Policy — Buyers of junk-rated corporate bonds aren’t taking vacation this summer. They’re staying busy, in part thanks to the Federal Reserve’s bond-buying, announced in spring as part of a larger $2.3 trillion economic-rescue package aimed at stabilizing the markets. China Is on a Diet, but Food Shares Look Tasty — Presiden
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