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
The Evergrande Blueprint Worked for Other Chinese Developers, Until It Didn’t — After borrowing heavily to fund breakneck growth, they are suffering financial meltdowns as credit grows scarce and home sales decline.Macau Casino Stocks Slide After Arrest of Junket Boss Alvin Chau — Trading of shares in Suncity Group suspended after chairman questioned over allegations of illegal gambling operations.Macau Casino Stocks’ High-Rolling Days Are Over — The arrest of the city’s biggest junket operator signals a long recovery for revenue from VIP gamblers from mainland China.China’s State-Run Companies Limit
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