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
Rio Tinto Forges Deal With China for $2 Billion Iron-Ore Mine — Miner’s partnership with Baowu Steel comes after Chinese investment in Australia fell amid worsening in diplomatic ties.Starbucks Plans 3,000 New China Stores Despite Sinking Sales From Covid Policies — The coffee giant targets 9,000 stores in China by 2025 even as sales dropped sharply this year amid Covid-19 lockdowns and weakening consumer spending.China Evergrande’s Other Spending Spree—on Soccer—Is Also Running Into Trouble — With longtime champions now losers and probes into youth-soccer match-fixing, a brand builder has become a b
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