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. Stood Up by China at Military Safety Meeting — People’s Liberation Army no-show at scheduled bilateral dialogue is the first in memory, U.S. defense official says.China’s Luckin Coffee to Pay $180 Million to Settle Accounting-Fraud Claims — SEC findings tally with Wall Street Journal reporting of firm’s schemes to fake sales and expenses.Tesla-Style Rally Puts Chinese Electric-Vehicle Makers on Par With GM, Ford — Chinese EV companies—most of them unprofitable—have seen their valuations soar to levels similar to those of the American a
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