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 Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn — Retail sales, factory output miss expectations as overall urban unemployment rises.
Why the White House Went to Wall Street to Revive the U.S. Chips Industry — Talent from Goldman Sachs, KKR and Blackstone will help determine how $39 billion in semiconductor chip subsidies are allocated.
China’s Economic—and Social—Contract Is Fraying — Chinese households’ confidence in Beijing’s policies has been shattered.
China Evergrande’s EV Unit to Get Cash Injection From Dubai Automaker — Chinese property de
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