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 ‘Common Prosperity’ to Squeeze Cash-Strapped Local Governments — Beijing has pledged to expand public services in education, healthcare and housing, but much of cost burden is expected to fall on heavily-indebted local governments.Venture Capital Becomes a Tech Battleground Between China, U.S. — U.S.-trained VCs built China’s tech sector, but now the Communist Party calls its shots.EV Battery Maker’s Sales Pitch to the West: We’re Not Chinese — South Korea’s LG Energy Solution, which goes public Thursday, highlights its dominance in Europe and aggressive U.S. investments.Hong Kong Penal
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