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. Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here. The Wall Street Journal Shipping Stocks Will Sink as U.S. Consumers, China Lose Ballast — Container shipping industry has started to slow amid U.S. inflation, Shanghai’s Covid-19 lockdown.China Covid-19 Lockdowns Spread Beyond Shanghai to Other Cities — Forty-five cities that account for 40% of China’s economic output had implemented full or partial lockdowns as of Monday, by one tally.China’s Central Bank Takes Small Steps to Support Economy — People’s Bank of China cuts banks’ reserve requirement but keeps rates unchanged, disappointing expectations for bigger jolt of stimulus. The Financial Times