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. Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here. The Wall Street Journal China’s Xi Jinping Turns 70, but Communist Party Won’t Celebrate — Leader marks birthday quietly, with many years in power likely ahead of him. Beijing Must Act to Avoid an ‘L-Shaped’ Future — China’s recovery is losing momentum with remarkable speed. But Beijing still looks focused on security at the expense of growth. China Cuts Rates to Prop Up Flagging Recovery — Central bank’s latest move follows disappointing May data and yet another rise in youth unemployment. How a Chip Guru Left South Korea and Wound Up Accused of Leaking Tech to China — The former Samsung executive had Subscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.