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
China’s Manufacturing Activity Contracts for Second Straight Month — Manufacturing sector weighed down by raw material costs, a power crisis and a slowdown in the property sector.Chinese Developer Yango Group Proposes Bond Swap to Avoid ‘Imminent’ Default — Move comes after heavily indebted China Evergrande avoided default for a second time.As China’s Developers Struggle, Investors Prefer Property Managers — Companies that look after the country’s vast apartment complexes are in much better shape.One Upside to Economic Woes May Be China-U.S. Thaw — Strong exports and weak domestic demand in China, paired w
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