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
A $100 Billion Comedown: Soaring Defaults Shrink Asia’s Junk-Bond Market — The crisis in China’s property market has hammered bond prices and curbed sales of new debt. China’s Economic Distress Deepens as Lockdowns Drag On — Economists call for more-aggressive stimulus; slowdown is worst since the initial Covid outbreak in 2020.China Competitiveness Bill Faces Hurdles as Time Runs Short — More than 100 lawmakers are involved in talks as flashpoints emerge.India Can’t Hang Up on Chinese Smartphones — When it comes to smartphones, India and China have to keep the line open. Arrest of ‘Stubborn About Jus
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