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
The Problem Plaguing Movies, Concerts and Casinos: China’s Out-of-Reach Spender — Rolling Covid-19 lockdowns in China and fresh political tensions present challenges for American pastime industries like movies, music and gambling.Chinese Developers Lean on Government Bond Guarantees as Doubts Persist — Longfor offers first deal under a new program meant to help parts of the struggling real-estate sector.
The Financial Times
Investors price in $130bn loss on China developers’ dollar bonds — Beijing will need to deploy ‘big bazooka’ to end crisis of confidence among homebuyers, market partici
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