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 Property Bonds Looked Cheap at 20 Cents on the Dollar. They Weren’t. — Distressed-debt funds lost big after betting on a turnaround in the sector.
War in the Middle East Challenges Biden’s Defense Strategy — The U.S. is faced with re-establishing some of its military footprint in a region it has been trying to draw away from.
Defying U.S. Pressure, China Rolls Out Red Carpet for Putin — Russian leader’s attendance at Belt and Road summit marks his highest-profile overseas trip since being accused of war crimes in Ukraine.
U.S. Tightens Curbs on AI Chip Exports to China, Widening Ri
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