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 Moves Ahead With Credit-Scoring Firm — Fintech giant will partner with state-owned companies to establish Qiantang Credit Reporting.Taiwan Hosts Second U.S. Congressional Delegation in Two Weeks — The visit comes days after the White House invited Taiwan to a meeting of democracies, exacerbating tensions with Beijing.Japan Approves Extra Defense Spending and Sets a Record — With China in mind, Tokyo budget allots 1.14% of GDP for the military, erasing longstanding guideline.
The Financial Times
Tesla to expand capacity at China plant — US carmaker to add a third more staff at Shanghai site
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