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 The Era of Total U.S. Submarine Dominance Over China Is Ending — New Chinese submarines and sensors to catch U.S. subs will alter the balance of power. MasterCard Scores China Breakthrough After Biden-Xi Summit — Global payments giant MasterCard can finally start issuing yuan-denominated credit cards in China, after years of waiting. China’s Problem With Unfinished Homes Keeps Getting Bigger — Authorities have set aside billions of dollars to help developers complete apartments that were already sold, but the logjam is growing. How Starbucks Lost the Top Spot in China’s Coffee Race — Riv