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 Likely to Name U.S. Specialist as Next Ambassador to Washington — Expected appointment is part of gradual effort by Beijing to dial back aggressive diplomacy, improve global image.China’s Reopening Comes in the Nick of Time for Luxury Stocks — A boom in spending on luxury goods by Americans and Europeans masked weak demand from Chinese shoppers last year. The trend could flip in 2023.Video: U.S. vs. China: The Race to Develop the Most Advanced Chips — After working for years to catch up on U.S. technology, China has developed a chip that can rival Nvidia’s powerful A100. WSJ unpacks the processorsâ
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