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 Investors Fear China’s ‘Lehman Moment’ Is Looming — Troubles at a big trust company are making investors worry about financial contagion from property developers’ distress. Water Cannons and Lasers: South China Sea Standoff Around World War II-Era Ship Heats Up — The U.S. has reaffirmed that an ‘armed attack’ on its ally’s vessels would invoke its commitments under a mutual-defense treaty. Is China’s Data Manipulated, or Flawed? Maybe Both — Suspension of the youth unemployment rate fits the autocrat’s playbook of burying unflattering statistics. China Evergrande Seeks U.S. CSubscribe 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.