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
Hidden Debt Plagues China’s Belt and Road Infrastructure Plan, Studies Find — Research on Chinese projects abroad points to other major problems like corruption, labor violations and environmental risks.China Evergrande to Sell Bank Stake to State-Owned Firm for $1.5 Billion — Developer will pare holding in Shengjing Bank to less than 15%.
The Financial Times
US-China business: the necessary reinvention of Huawei — With sanctions derailing its traditional operations, the telecoms group is now rushing to boost areas such as cloud services.Evergrande sells $1.5bn bank stake to state-owned enterprise —
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