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
China’s Industrial Profit Falls on Covid-19 Measures, Bad Weather — A record heat wave and drought has prompted Beijing to offer massive economic support for power generation, agriculture.U.S. Warships Sail Through Taiwan Strait for First Time Since Nancy Pelosi’s Visit — Move comes as tensions rise between Taiwan and China following the U.S. House speaker’s trip earlier this month.China’s Property Slowdown Sends Bank Shares Tumbling — Fears of a weakening economy hit a pair of once-highflying bank stocks.
The Financial Times
China’s property-driven growth model is broken — Beijing shou
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