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
Jack Ma’s Ant Plans Major Revamp in Response to Chinese Pressure — Fintech giant plans to become a financial holding company overseen by China’s central bank.Commerce Nominee Pledges Tough China Stance, but Mum on Huawei Blacklist — At Senate hearing, Gov. Gina Raimondo wouldn’t commit to enforcing Trump administration’s ban on Chinese telecom giant.Starbucks Sales Slide But Show Signs of Recovery in China — Coffee giant also says operating chief Roz Brewer will leave to lead another publicly traded company.HSBC CEO Defends Stance on Hong Kon
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