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
Chinese Local Governments Used Fake Property Deals to Boost Revenues — Land sales have long been a crucial source of revenue for regional governments.
Russia Set to Overtake Saudi Arabia in Battle for China’s Oil Market — As Riyadh’s push to boost prices falls flat, Moscow keeps gaining ground with world’s biggest buyer.
Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One. — Scrutiny from Washington aggravated tensions within the venture-capital firm, fueling its decision to break up.
Opinion: My Plan to Confront the Chinese Threat — Trump made progress, but
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