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
- China’s Newest Nuclear Submarine Sank, Setting Back Its Military Modernization — Pierside accident came as Beijing attempts to expand its navy.
- China’s Nuclear-Submarine Mishap Points to Challenge of Catching Up With U.S. — Vessel that sank in spring is part of a broad effort to expand military and compete in the Pacific.
- China Is Assembling an Economic Bazooka, Piece by Piece — China’s central bank, top political leaders appear to be abandoning a reluctance to act forcefully on the economy.
- A U.S. Crackdown Targeted a Silicon Valley ‘Pill Mill.’ Secretly, It Had Already Moved to China. — Done Global’s owner and others were arrested, but the telehealth company’s staff in China still provides easy access to Adderall for Americans.
- China’s Industrial Profits Fell in August — Industrial profits fell 17.8% in August from a year earlier, compared with July’s 4.1% increase.
- Opinion: Humanoid Robots Are the Next Threat From China — Elon Musk promises ‘a robot buddy’ like C-3PO and or R2-D2. Xi Jinping has a less benign idea. By Katie Britt and Jacob Helberg
The Financial Times
- China’s bumper stimulus leaves consumers wanting more — Struggling homeowners highlight Beijing’s challenge in reigniting consumer confidence.
- Chinese stocks post best week since 2008 after stimulus blitz — Rally follows Beijing’s pledge to support capital markets and economic growth targets.
- China’s most advanced nuclear submarine sank in shipyard, says US — First vessel of new Zhou class was being prepared for sea trials.
- Ikea says confidence returning in China after $1bn investment — Ingka Centres opens retail and commercial centre in Shanghai amid economic slowdown.
The New York Times
- China Stocks Soar in Biggest Single-Week Jump Since 2008 — Economic stimulus moves triggered a broad rally in trading in Shanghai and Shenzhen.
- As a Finnish Zoo Returns Pandas to China, It Blames Costs, Not Geopolitics — Two pandas are heading back to China eight years early amid lower-than-hoped-for visitor numbers at a zoo in rural Finland, and after the pair didn’t produce a cub.
- This Is What Can Land You in Jail for Sedition in Hong Kong — Three men were the first to be convicted under the city’s recently expanded national security law, which has greatly curtailed political speech.

Caixin
- In Depth: Mounting Debt Defaults Fuel Crisis in China’s Construction Industry — China’s construction industry is reeling from a wave of defaults and financial turmoil as delayed payments and rising bad debts cascade through the sector. Once fueled by a booming real estate market, construction firms are now struggling with unpaid bills and shrinking liquidity.
- China Cuts Policy Rate and Bank Reserves to Boost Economy — China’s central bank has cut its main policy rate and financial institutions’ reserve requirement ratio (RRR) to step up support for an economy hamstrung by a prolonged property sector slump and sluggish consumer confidence.
- China Launches Anti-Discrimination Probe After Canada Raises Tariffs — China’s Ministry of Commerce announced Thursday that it would launch an anti-discrimination investigation into Canada’s trade measures against China.
South China Morning Post
- China’s all-out action plan could gather pace in 2-4 weeks with fiscal loosening: analysts — Analysts suggest China could sell at least 1 trillion yuan (US$142 billion) of special treasury bonds and lift its budget deficit ratio.
- China’s industrial profit growth slows, underscoring urgent need for policy pivot — A double-digit percentage drop last month pulled down China’s industrial profit growth to just 0.5 per cent in the first eight months of the year.
- Hong Kong could regain top 3 IPO ranking by year-end after jumping to fifth in September — IPOs in the city reached US$7.14 billion in the first nine months, exceeding last year’s total of US$5.9 billion, LSEG data shows.
Nikkei Asia
- China, Hong Kong stocks score best week in years on stimulus euphoria — Authorities fire up markets but some investors wary of being burned again.
- Alibaba and JD.com to lower barriers on payments and logistics — Sources confirm move to bring down ‘walled garden’ under antitrust scrutiny.
- Taiwan opposition faces test over motion denying China’s U.N. claim — KMT’s reluctance to match Australian and Dutch positions ‘baffles’ experts.
Bloomberg
- China Developers Offer Deals Betting Home Prices Will Hit Bottom — Some Chinese property developers are betting the country’s home-price slump will soon end following the announcement of long-awaited stimulus measures.
- Xi’s Big Stimulus Week Aims to Draw a Line Under China Slowdown — For months, President Xi Jinping appeared unfazed by slowing growth as stocks sank, prices fell and discontent grew around China. This week showed he’s not willing to tolerate any more pain.
- Arnault Wins Big on China Stimulus With $17 Billion Wealth Surge — Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by $24 billion.
Reuters
- Stocks bask in China stimulus glow, yen swings higher on Ishiba win — China’s big stimulus steps helped keep global stocks near record highs on Friday, while the yen firmed sharply against the dollar after Japan’s former defence minister Shigeru Ishiba looked set to become the next prime minister.
- Fiji urges ‘respect for our region’ after China missile test — Fijian President Ratu Wiliame Katonivere called for “respect for our region” and a stop to missile tests in the Pacific Ocean, after China launched an intercontinental ballistic missile.
- Exclusive: Shanghai, Shenzhen to lift key home purchase curbs to boost market — Top Chinese cities Shanghai and Shenzhen are planning to lift key remaining restrictions on home purchases to attract potential buyers and shore up their flagging real estate markets, four sources with knowledge of the matter said.
Other Publications
- Australian Strategic Policy Institute: Exclusive: Inside Beijing’s app collecting information from Belt and Road companies — China’s Ministry of Foreign Affairs operates a secure digital platform that connects it directly with Chinese companies operating abroad, requiring participating companies to submit regular reports about their activities and local security conditions to the government, internal documents reveal.
- WIRED: China’s Plan to Make AI Watermarks Happen — New Chinese regulation attempts to define how AI content labeling should work and stamp out AI-generated disinformation.
- The Economist: Xi Jinping wants to stifle thinking at a top Chinese think-tank — No more gloomy thoughts about the economy.
- Foreign Policy: Xi Jinping Is Prioritizing Political Survival Over Economic Prosperity — China is missing out on growth because the Communist Party comes first.