EDITORIAL

• Editorial: China Must Oppose Bailouts for Local Government Debt

FINANCE

• Watchdog Uncovers Illegal Loans at Top Banks
• HNA Bonds Get Cold Shoulder From Investors
• Margin Calls Pile On Stock Woes
• Bond Market Risks Are Controllable: People's Bank of China
• Peer-to-Peer Lender Sees Further Industry Shakeout

ECONOMY

• Legislature Reports Widespread Fabrication of Official Data
• Quick Take: China Says U.S.' 'Big Stick' Won't Work in Trade Spat
• Update: China Calls New U.S. Tariff Threat 'Extortion'
• Cabinet Pledges Measures to Ease Corporate Financing Strain
• Update: Legislature Considers Raising Personal Income Tax Threshold

BUSINESS & TECH

• Parent Sells Stake in WuXi Biologics for Third Time in Less Than Year
• Meituan-Dianping to File Hong Kong IPO This Week
• Update: ZTE Stock Nose-Dives After U.S. Senate Votes to Reinstate Ban
• JD.com Rakes in 37% More From This Year's Summer Sale
• Education Firm Puxin Plans Major Expansion Push After U.S. IPO