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
The Taiwanese Chip Champion Shaking Qualcomm’s Tree — MediaTek has fared well during the chip shortage and its stock has skyrocketed.Tech Companies Depend on China for Rare Earths. Can That Change? [Video] — Neodymium is critical to making the wheels of a Tesla spin or creating sound in Apple’s Airpods, and China dominates the mining and processing of this rare-earth mineral. So the U.S. and its allies are building their own supply chain.
The Financial Times
Chinese banks accused of funding deforestation around world — Report undermines Beijing’s drive to be seen as global leader in climate change campaign.
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