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
In China, a Completely Different Approach to Lowering Healthcare Costs — Close to 200 hospital heads have been detained in a monthslong anticorruption campaign aimed at helping Xi Jinping’s ‘common prosperity’ drive.
Arms Megadeal Collapsed When China, Russia Links Emerged — Failed talks between RTX and a Saudi defense firm show the kingdom’s difficulties in establishing its own military industry.
U.S. and Other Foreign Venture Firms Pull Back From China’s Biotech Sector — China’s economic troubles and geopolitical concerns contribute to reduction in venture funding.
The F
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