EDITORIAL

• Japan's Floundering Deep-Water Reform a Lesson for China

SPECIAL REPORT

• No Bit Player

FINANCE

• Still in the Shadows
• China Government Bond Selloff Descends Into Rout
• Regulator’s Retraction Throws Light on Internet Insurance Rules

ECONOMY

• New Economy Index Contracts for Second Month
• Services Activity Expansion Remains Weak, Caixin Survey Shows
• National Bureau of Statistics to Add Oversight on Local Math

BUSINESS & TECH

• Infant-Formula Makers Milk Chinese Consumers’ Wallets
• Tesla Rolls Out Rough Timeline, Targets for China Car Factory
• Leshi IPO Review Officials Under Investigation
• China Warns Coal Producers Against Manipulation