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 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
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