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
No Stranger to Failure, Founder of Sunac China Fights to Save His Property Empire — Sun Hongbin’s company is trying to avoid defaulting after missing a dollar-bond payment earlier this month.Chinese Markets Tank as Investors Worry About Covid-19 Lockdowns — Two widely watched Chinese stock indexes fall roughly 5%, Chinese yuan hits lowest level since November 2020.Covid-19 Cases Jump in Beijing as New Deaths Triple in Shanghai — China’s capital ramps up testing to halt outbreak; Hangzhou restricts movements in some parts of tech hub.Beijing Braces for Omicron Wave With Stockpiling, Testing
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