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 New CEO Trapped in the U.S.-China Chip Battle — ASML makes some of the most advanced chip-making machines. It must balance Western demands to curb China’s access while keeping a foothold in a key market.
- Chinese Battery Suppliers Tied to Ford, VW Should Be Banned, GOP Lawmakers Say — A group of lawmakers call for CATL and Gotion to be added to an import ban list over alleged forced labor in their supply chains.
- China Vanke to Make Offshore Bond Payment, Easing Concerns — The expected payment means that Vanke would have repaid all of its offshore bonds due this year.
- NIO’s First-Quarter Loss Widened on Lower EV Sales — The Shanghai-based company forecast second-quarter deliveries to more than double.
The Financial Times
- US and allies say China is ‘aggressively recruiting’ their fighter pilots — Five Eyes partners accuse People’s Liberation Army of using western military talent to train its aviators.
The New York Times
- Guess Who’s Angry at China’s Real Estate Bailout: Homeowners — China has relaxed or eliminated measures on home buying to spur new purchases. This has made a vocal constituency of existing homeowners very unhappy.
- Allies Warn Former Fighter Pilots Not to Train Chinese Military Members — A new bulletin says China is trying to step up recruitment of Western-trained fighter pilots to improve its air combat capability.

Caixin
- In Depth: Why China’s Tightening Its IPO Regulation — China is tightening its grip on the country’s stock market with a set of new guidelines, hoping to arrest the protracted slump in share prices, improve the quality of listed companies, and restore investor confidence.
- Australia Orders Chinese Investors to Sell Stake in Rare Earths Miner — Australia has ordered several China-linked investors to sell their stake in rare earths mining company Northern Minerals citing the national interest as the country tightens control over the minerals key to new energy transitions.
- China Could Have a Million Hydrogen-Powered Vehicles on Its Roads by 2035 — China’s hydrogen fuel cell vehicle market is revving up, with sales expected to hit 10,000 units this year, 50,000 units by 2025 and more than one million by 2035, according to Ouyang Minggao, of the Chinese Academy of Sciences and a professor at Tsinghua University.
South China Morning Post
- Tencent’s WeChat requires disclosure of AI-generated content to combat misinformation — WeChat’s updated content-moderation policy forms part of a broader industry effort to promote greater transparency of artificial intelligence-generated content.
- Country Garden sees home sales jump as Beijing’s rescue package gives developers a boost — Country Garden sold more properties in May, becoming the second major Chinese developer to see turnover improve after Beijing launched a historic rescue package to shore up its battered real estate segment.
- China urgently needs to level playing field, improve fairness for all firms, survey says — Survey of 2,295 mainland China-based firms said governance transparency, availability of human resources, demand and supply in markets and intermediary services had deteriorated.
Nikkei Asia
- Analysis: A new generation of Chinese democracy seekers gathers in Tokyo — ‘Goddess of Democracy’ comes to Japan to mark 35th Tiananmen anniversary
- CATL tops China’s corporate subsidies list, outranking oil majors — Emergence of EV-related recipients stands out as European tariffs loom.
- DJI drone tech helps Chinese carmakers offer affordable driver assist — At least 20 models equipped with system to be released this year.
Bloomberg
- China Accelerates Grid Projects to Keep Up With Renewables Boom — China is ramping up investments in grid infrastructure to keep pace with a record-setting boom in renewables that has put the electricity network under unprecedented strain.
- China’s Big Chip Fund to Exceed $47.5 Billion Goal, Adviser Says — China’s main national chip fund should wind up raising more than the $47.5 billion originally disclosed, a senior adviser to Beijing said, reflecting the government’s resolve to close a technology gap with the US.
- Xi Calls for More University Exchanges With US to Boost Ties — China’s President Xi Jinping has called for more exchanges between Chinese and American universities to boost mutual understanding, according to the official Xinhua News Agency.
Reuters
- China says open to space cooperation with US but ‘hurdles’ remain — China remains open towards cooperation with countries including the United States in space, the foreign ministry said on Thursday, following congratulations from U.S. space agency NASA on China’s Chang’e-6 mission to the far side of the moon.
- China says it never uses EV subsidies barred by WTO — China never makes use of subsidies for electric vehicles that have been prohibited by the World Trade Organization, a spokesperson for its foreign ministry said on Thursday.
- Australia, China seek bigger ties with Solomon Islands — Australia’s Foreign Minister Penny Wong said Canberra wanted deeper ties with its Pacific neighbour Solomon Islands and a region where decisions are made “without fear”, as China also sent its envoy to Honiara to meet new Prime Minister Jeremiah Manele.
Other Publications
- The Economist: It’s a bird, it’s a plane…it’s a Chinese flying car — China is developing the vehicles faster than any other country.
- The Atlantic: China is losing the chip war — Xi Jinping picked a fight over semiconductor technology—one he can’t win.
- Associated Press: Turkey urges Chinese authorities to protect the cultural rights of minority Muslim Uyghurs — Turkey’s foreign minister has urged Chinese authorities to protect the cultural rights of minority Muslim Uyghurs in China’s western Xinjiang province and allow them to “live their values,” a Turkish official said Wednesday.
- Foreign Policy: China’s South Sea aggression Is backfiring — Beijing is ramping up efforts to cow neighbors such as the Philippines in the South China Sea but is getting nowhere fast.
- Rest of World: Why China still runs on Windows — And what it means for Microsoft.
- Center for Strategic & International Studies: How China Could Quarantine Taiwan — Much of the world’s attention has focused on the threat of a Chinese invasion, but Beijing has many options besides an invasion to coerce, punish, or annex Taiwan.
- The Information: China’s Nvidia Loophole: How ByteDance got the best AI chips despite U.S. restrictions — The U.S. government doesn’t stop Chinese firms from buying or renting Nvidia’s chips if they’re used within the U.S.
- CNBC: In slamming China over its stance on Russia and the war, Ukraine might have made a big miscalculation — Ukrainian President Volodymyr Zelenskyy’s very public criticism of China over its relationship with Russia and cool stance toward a forthcoming peace summit could end up backfiring on Kyiv, analysts say.