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 Property Market Enters Troubling New Phase — Real-estate demand appears to be waning as more supply hits the market, raising fresh risks for an already-fragile economy.
Chinese Balloon Used American Tech to Spy on Americans — Preliminary U.S. findings show the craft collected photos and videos but didn’t appear to transmit them, officials say.
The Financial Times
China’s military set-up is designed to foil any would-be Prigozhin — The People’s Liberation Army is an explicitly political force — and the ultimate guarantor of the party’s hold on power.
China passes fo
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