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 Biden, Xi Jinping Dial Back Rancor in Summit to Stabilize Ties — Modest U.S.-China progress is likely to be quickly tested by deep underlying frictions. China’s Xi Draws Standing Ovation From U.S. Business Leaders—and Some Doubts — At a dinner with U.S. corporate chiefs, Xi Jinping sought to enlist corporate America’s help in easing bilateral tensions but made no mention of boosting trade or investment. Alibaba’s Spinoff Plans Fall to Earth — New York shares of the Chinese e-commerce giant were down premarket after it said it would abandon its cloud segment spinoff plan. Opinion: The B