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
U.S. Firms Get Another Boost From China — Consumers spending big on cars, skin cream and soda help GM, Estee Lauder and others offset sales hit elsewhere by Covid-19.Chinese Rival to ByteDance Plans Multibillion-Dollar IPO in Hong Kong — Tencent-backed Kuaishou Technology is aiming for a roughly $50 billion valuation.Toyota, Honda Rely on Resurgent China for Growth — Japanese car makers more than double profit forecasts as recovery from pandemic picks up pace.Toyota Gains From Revived Car Market in U.S., China — CFO Kenta Kon says concern remains a
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