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.
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The Wall Street Journal
One of the Year’s Worst Short Bets Defies Scathing Reports and an SEC Investigation — No stock has been more heavily attacked by activist short sellers this year than GSX Techedu, but the New York-listed Chinese tutoring company has so far come out on top.China Taps the Brakes on a Yuan Rally — Banks no longer need to deposit 20% of their sales when buying and selling what are called currency forwards denominated in U.S. dollars for clients.U.S.-China Trade War Gets Wrapped Up in Twist-Ties — Minnesota company’s plastic-and-wire closures—a fixture on bread bags—are at the leading edge of Washington’s tariff tiff with Beijing.Harvard Pr
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