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
Alibaba Posts Lower Profit as Chinese Tech Giant Boosts Spending — Company bolsters new services as it faces more competition in China’s e-commerce market.Tencent Selloff Shows Deep Scar Tissue in Chinese Markets — After the crackdown on education companies, every regulatory blip is seen as a possible death sentence.China Wants Manufacturing—Not the Internet—to Lead the Economy — Even as Beijing unleashes a regulatory assault against tech companies, it continues to shower subsidies and protection on manufacturers.
The Financial Times
Short sellers double bets against China Evergrande’s bonds — Investor
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