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
Auto Makers Shift to Lower-Cost Batteries for Electric Vehicles — The iron-based batteries are commonly used in China, but there are trade-offs.Ant’s Consumer-Lending Unit to Raise $1.5 Billion in Scaled-Down Capital Plan — Chongqing Ant Consumer Finance lines up new investors after Chinese state-backed firm pulled out of earlier fundraising plan.China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative — Fresh signs of China’s slowing growth add to fears that the worst is yet to come for the global economy.Metals Rebound Fueled by Possible China Reopenings — Prices for industrial metals inclu
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