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 Centurium Capital Gains Control of Luckin Coffee — Investment group acquired shares that had been owned by former chairman Charles Lu and former CEO Jenny Qian.Scandal-Tarred Luckin Coffee Plots a Comeback — David Li, chairman of Chinese coffee chain’s new controlling shareholder Centurium Capital, says company’s 2020 fraud ‘was an enormous betrayal.’IMF Says China’s Economic Imbalances Have Worsened — Chinese growth in 2022 now forecast at 4.8%, down from prior outlook of 5.7%.China’s Property Crisis Has Investors in Green Bonds Seeing Red — Chinese real-estate firms sold close to $1
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