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
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
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