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
Beauty Stocks Tell an Ugly Story About China — Are Chinese consumers clawing their way back, or not? Shiseido’s plummeting China sales—and stock price—are a vote for the latter.
U.S. Shift on Global Tech Rules Jeopardizes Effort to Counter China — Some Asian allies see rules facilitating digital trade as crucial to a trade deal among Pacific nations, but the U.S. is retreating.
ICBC Hackers Used Methods Previously Flagged by U.S. Authorities — Attack stemmed from Lockbit 3.0 ransomware and two tactics targeting users of services managed by Citrix, Treasury says.
Why Xi Can No Longer Brag
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