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
- U.S. to Ban Some Investments in China — Biden plans to sign executive order that will also require U.S. private-equity and venture-capital firms to disclose certain investments in China.
- China Slips Into Deflation in Warning Sign for World Economy — The lifting of Covid-19 pandemic curbs has been followed by an unusual bout of falling consumer prices instead of a surge.
- Japanese Carmakers See Next Few Years as Fight for Survival in China — Honda, Nissan, Mazda and others rush to add electric vehicles to match Chinese competitors.
- Biden’s Order Won’t Destroy Chinese Venture Capital — Startup funding ecosystems in China and the U.S. will probably keep growing apart.
The Financial Times
- Chinese economy falls into deflation as recovery stumbles — Beijing faces calls for stimulus after consumer prices turn negative for first time since early 2021.
- China learns the D-word — The new Japan.
- How China cornered the market for clean tech — The country is the biggest supplier of materials vital for the energy transition. That could give it geopolitical leverage.
- Climate politics has entered a new phase — The risks of ignoring the green energy transition have never been so acute.
- TED talks cross free speech ‘red line’ in Xi’s China — Authorities cancel upcoming event citing breach of restrictions on foreign NGO activities.
- Russian companies move legal battles to Hong Kong courts — Neutral jurisdiction with common law system attracts sanctions-hit businesses.
The New York Times
- Biden to Restrict Investments in China, Citing National Security Threats — The measure to clamp down on investments in certain industries deemed to pose security risks, set to be issued Wednesday, appears likely to open a new front in the U.S.-China economic conflict.
- China’s Economy Faces Yet Another Threat: Falling Prices — A deepening slowdown in the world’s second-biggest economy has now raised fears of deflation, which could be crippling for heavily indebted China.
- Another Chinese Developer Teeters, Raising Worries About the Economy — Country Garden, China’s last real estate giant to avoid default, has spooked investors after missing key debt payments, rekindling memories of China Evergrande.
- China’s Exports Fall Again, Imperiling Its Economic Recovery — The numbers reflect declining foreign demand for Chinese-made products, falling domestic demand, a real estate crisis and geopolitical tensions, including the war in Ukraine.

Caixin
- Yuan Transactions Hit Record in Russia — The Chinese currency was on one side of 44% of forex trades on the Russian exchange-traded market last month, up from 39.8% in June.
- Exclusive: Three Wanda Executives Under Police Investigation — Investigation involves a ‘huge amount’ of money in eastern China project, person close to the matter tells Caixin.
- In Depth: Country Garden’s Troubles Mount as It Misses Offshore Bond Interest Payment — Guangdong-based developer is one of the few major property groups to have avoided defaulting on bonds so far, but a slump in sales has left it struggling.
South China Morning Post
- Taiwanese coastguard ship docks in Japan in sign of closer unofficial ties and mainland China’s growing military pressure — While on fishery patrol mission Hsun Hu No. 8 docked at Harumi Wharf in Tokyo ‘for routine maintenance and supply’, Taiwan’s coastguard authority says.
- TikTok owner ByteDance ratchets up internal test of AI chatbot ‘Grace’ as ChatGPT-like service gets tepid reception from some employees — Grace is currently accessible only to ByteDance corporate email account holders, who can log on and use the chatbot via its dedicated website.
- AI, superconductor experts joined Chinese summer leadership retreat in Beidaihe — Qiao Hong, whose area is brain-inspired robotics, vowed to carry out ‘original work’ to serve the country’s strategic needs.
- China universities waste millions, fail to make real use of research, audit finds in indictment of tech-sufficiency drive — A review by the Guangxi Zhuang autonomous region found that an alarming number of colleges are underproducing, and a professor says it’s because China’s higher-level research system is flawed.
Nikkei Asia
- U.S. hotels’ China revenue tops pre-COVID levels, but international visitors lag — Asia expected to fuel recovery as Western travel demand levels off.
- China retains crown in scientific papers, widens lead over U.S.— Japan declines in most-cited studies to 13th place, outstripped by Iran.
- Tesla relies on China for 40% of battery supply chain: analysis — EV maker pushes to broaden lithium sources, lower exposure to Chinese suppliers.
- Opinion: New Zealand’s new prime minister is making nice with China — Chris Hipkins will be more reluctant to engage with U.S.-led security initiatives. By Derek Grossman.
Bloomberg
- Ferrari Hits China Milestone With Over a Quarter of Sales to Women — If you spot four Ferraris on a street in China, chances are a woman is behind the wheel of at least one.
- Ford Shuts Brazil Electric-Car Factory as Lula Turns to China’s BYD — President Lula, seeking an industrial revival, snubs the US and looks to its No. 1 rival.
- Opinion: In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars — A savage price war has been great for consumers, who are embracing plug-in vehicles much faster than predicted. By David Fickling.
Reuters
- Struggling Chinese graduates return to hometowns as job market sags — State media reports almost half are returning to their hometowns within six months of graduation amid a sagging job market.
- Latest China developer debt woes could spur policy aid, but industry downbeat — More private property companies are close to a tipping point if financial support doesn’t materialise soon.
- China to require all apps to share business details in new oversight push — Apps without proper filings will be punished after the grace period that will end in March next year.
- No decoupling, but West and China drift apart — Underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West.
Other Publications
- POLITICO: As tensions rise, U.S. imports from China plummet — 2023 could mark the year that rising geopolitical friction between Washington and Beijing finally persuaded many American companies to find other suppliers.
- The Washington Post: Opinion: How to tell if China is trying to stop the war in Ukraine — China’s policymaking is opaque, but its priorities in the war in Ukraine are clear — as well as contradictory. By The Editorial Board.
- AP: US Navy sailor’s mom encouraged him to pass military details to China, prosecutor says — The mother told her son it might help him get a job with the Chinese government someday, the prosecution said Tuesday.
- The Economist: How America is failing to break up with China — The countries’ economic ties are more profound than they appear at first glance.
- MIT Technology Review: China is escalating its war on kids’ screen time — What Beijing’s new restrictions on child internet use mean for privacy protection.
- ChinaFile: Tracking the Impact of Hong Kong’s National Security Law — Though they have been charged with various breaches of national security ranging from inciting secession to terrorism, their primary crime appears to be peaceful criticism of the government.
- The Guardian: In previous downturns the world turned to China as an engine of growth – this time that driver may not be there — What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?