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
- To Contain China, the U.S. Bets on a 40-Year-Old Ship — A 270-foot U.S. Coast Guard cutter has been transferred to the Pacific as part of the Biden administration’s latest move to compete with China for influence in the region.
- Apple Isn’t Making an EV, but Chinese Phone Makers Are Showing They Can — The tech heavyweights looking to electric vehicles for their second act are jumping into a brutal price war.
The Financial Times
- Yellen says US will protect green tech from China competition — Trade barriers not ruled out by Treasury secretary ahead of talks with Beijing officials.
- Three economic zombies worth fighting — Bad policy ideas that are surprisingly widely held.
- The political lessons from Australia’s defiance of China — Consistency and bipartisanship have helped Canberra resist trade coercion by Beijing.
- Chinese robot maker says protectionism will not stop its march — Shenzhen Inovance founder says automation tech is indispensable to global supply chains.
- China’s quant funds count the cost of regulatory clampdown — Executives fear end of outsized returns after Beijing targets small cap trading strategies.
- Tokyo in talks with Manila over sending troops to the Philippines — Possible deployment comes as two countries boost efforts to deter Beijing in South China Sea.
- EU launches 2 probes into China solar manufacturers — Brussels says subsidies distort European market in ‘strategically important’ sector.
The New York Times
- Canadian Politicians Were Targeted by China in 2021, Report Says — Lawmakers testified at a public hearing on foreign interference that they had been caught in China’s cross hairs after criticizing it over human rights.
- U.S. and China Continue to Talk, but Economic Divide Remains Wide — Election-year rancor will make it difficult for Washington and Beijing to find areas of cooperation on trade and investment.
- Opinion: What Janet Yellen Needs to Tell China’s Leaders — The economic course correction that the United States wants would also help average Chinese people. By Peter Coy.

Caixin
- Central Bank Pledges Enhanced Policy Efforts to Support Recovery — The PBOC also said it would meet the ‘reasonable’ financial needs of public and private developers without discrimination.
- China National Gold Group to Compensate Customers of Closed Franchise Store — Beijing store’s closure in December has prevented customers who bought and deposited gold there from withdrawing it.
- China to Limit Steel Output as Prices Slide and Demand Falls — Authorities to foster industry strengths and weed out weak players to promote the structural adjustment of steel industry.
- Chinese Cargo Owners May Face Huge Bill After Baltimore Bridge Collision — Cargo owners may be liable for some of the estimated $4 billion compensation if ship owner declares ‘general average‘.
- Chinese IVF Specialist Expands Into Southeast Asia With Indonesian Investment — Jinxin Fertility acquires stake in local company as demand for its services in China declines with more couples opting not to have children.
South China Morning Post
- China’s cyberspace regulator vows to work with Africa on AI governance — Forum hosted by China’s internet watchdog urges Beijing and African countries to work with UN to establish artificial intelligence governing institution and calls for bigger role for developing countries in regulating the technology.
- EU and US officials seek trade and tech alignments that might survive a Trump return — Trade and Technology Council meeting, which begins Thursday, aims for agreements that would remain attractive to the former US president, should he be re-elected.
- China’s economy must ‘return to basics’ amid tech reform push, outspoken economist Wu Jinglian says — Veteran economist Wu Jinglian was asked for his views on how China should proceed in transforming its economy, focusing on the relation between President Xi Jinping’s ‘new quality productive forces’ and reform and opening-up policies.
Nikkei Asia
- Hong Kong’s lost freedom shows Xi Jinping’s priorities — Causeway Bay Books incident was a harbinger of regime’s security-first principle.
- South Korean firms in Vietnam face growing competition from China — South Korean companies have long led foreign direct investment in Vietnam, but they are now being pushed back by Chinese peers.
- Taiwan chip industry sails overseas amid supply chain shift — After decades of concentrating production in China and Taiwan, electronic assemblers and major chip suppliers are setting up operations in new locations across Southeast Asia, Japan and even Europe.
Bloomberg
- France Pushes EU for Measures to Re-Balance Trade With China — France will lobby the European Union for measures to re-balance trade with China based on environmental criteria as it sees an economic threat from a glut of Chinese products flooding the bloc’s market.
- Google Files Racketeering Suits Over Alleged Crypto-App Scams — Alphabet Inc.’s Google sued two people based in China it says used the company’s platforms to distribute and advertise fraudulent crypto apps.
- Chile Politicians Clamor to Save Local Steel From Cheap Chinese Imports — Politicians want the country’s only steelmaker to overturn a decision to shutter operations due to an influx of cheap Chinese alloy, testing the nation’s free-trade resolve.
- Opinion: Sorry, But Joe Biden Can’t Build Your EV Charger — The White House and Congress can’t just brute-force a nationwide system the way the country launched an interstate highway system. By Mark Gongloff.
Reuters
- Exclusive: Beijing nudged Syngenta to withdraw $9 billion Shanghai IPO on market weakness — The reason for Syngenta’s IPO withdrawal and the way it was managed, underscore how Beijing is prioritising boosting investor confidence in the secondary market over the launch of new equity offerings.
- Senior US diplomat links AUKUS submarine pact to Taiwan — U.S. President Joe Biden has sought to step up partnerships with allies in Asia amid China’s historic military build-up and its growing territorial assertiveness.
Other Publications
- AP: Tonga’s prime minister says he’s open to Chinese help with security support at an upcoming summit — China has been rebuffed in its attempt to encompass 10 Pacific Island nations in a single security treaty and is now seeking one-on-one deals with individual island nations.
- The Economist: The mind-bending new rules for doing business in China — Xi Jinping is sending mixed messages to Western bosses and investors.
- The Economist: China’s tin-eared approach to the world — It wanted countries to focus on interests, not values. Careful what you wish for.
- CEPA: China Bets Big on Military AI — China is building up its arsenal of missiles, jets, and ships. It also is developing its artificial intelligence military resources.
- The Guardian: Chinese mourners turn to AI to remember and ‘revive’ loved ones — Growing interest in services that create digital clones of the dead as millions visit graves this week for tomb-sweeping festival.