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
- EU to Move Ahead With New Tariffs on Chinese-Made EVs — The bloc approved tariffs of up to 45% on EVs made in China, defying pleas from some European auto executives who fear retaliation from Beijing.
- Is Europe’s Biggest Battery Maker About to Run Out of Juice? — Sweden’s Northvolt is in trouble as technical difficulties, slowing demand for electric vehicles and a dominant China threaten to upend the industry.
- Nightmares of a Chinese Invasion Inspire Taboo-Breaking Entertainment in Taiwan — Through TV, books and a board game, the island’s entertainment industry is embracing a topic it avoided for decades.
- For Chinese Tech Startups, Beijing Fills a Funding Void Left by VCs — Previous efforts to inject state money into favored industries have yielded mixed results.
- Chinese Firms Pour Billions Into Green-Energy Tsunami — Some analysts say the outbound investment push is a win for decarbonization, others fear it is simply flooding the West.
- Opinion: If Stimulus Could Save China, It Wouldn’t Need It — The problem isn’t too much saving, it’s that politics inhibits productive investment of capital. By Joseph C. Sternberg.
The Financial Times
- EU member states agree to impose tariffs on Chinese electric vehicles — Move comes as Chinese companies grow market share in Europe.
- Fresh spaces add cachet for Hong Kong’s auction scene — Sotheby’s, Christie’s and Bonhams are following Phillips into swisher sites, with architect-designed buildings that allow for different sales formats.
The New York Times
- Europe Votes to Raise Tariffs on Electric Cars From China — European Union officials say the duties are meant to protect the region’s automakers from what they say are unfair trade practices in China.
- For Companies in China, Pulling Out of Xinjiang Poses ‘Messy Dilemma’ — Beijing’s investigation of the parent of Calvin Klein and Tommy Hilfiger, which stopped buying goods from Xinjiang, has put global firms in a difficult position.

Caixin
- To Advise or Not to Advise: Limit of Lawyers’ Immunity in China — Feng Bo faces five years behind bars for fraud and assisting in fabricating evidence while advising a loan-shark — but the ‘so-called criminal actions’ fell under a lawyer’s normal professional conduct, his defense argues.
South China Morning Post
- Foreign investors ‘seek shelter’ in undervalued Chinese assets, but scepticism remains — Analysts expect inflows into Chinese assets to persist as Beijing continues to implement easing measures.
- China’s Liaoning aircraft carrier puts jets through paces after skirting Japanese atoll — Carrier heads for the Celebes Sea as US and Philippine forces prepare for joint manoeuvres.
- WuXi AppTec, WuXi Biologics surge in Hong Kong as biotech firms put some operations for sale — The gains were made on the back of a report that said the two firms plan to sell certain overseas operations amid heightened US scrutiny.
- What time is it on the moon? China and the US are racing to decide — The space rivals are spearheading separate initiatives to create time standards that will be used to coordinate international lunar missions.
- Why do so many Chinese officials fall for fake promises of political charlatans? — Party insiders who should know better are being targeted by tricksters claiming connections and influence, despite crackdowns.
Nikkei Asia
- Daughter of jailed, outspoken Chinese businessman sends open letter to Xi — Ren Zhiqiang, sentenced to 18 years after criticizing president on COVID, said to be gravely ill.
- Chinese stocks are rallying. The economy may need a bigger boost — Recovery could depend on Beijing offering consumer support and property buyouts.
- China launches 3-month crackdown on online news providers — Stepped-up efforts target content straying from the official line.
- China’s local governments rein in infrastructure bonds on budget fears — Regional authorities reluctant to take on more debt as revenues fall.
- Opinion: China’s monetary policy moves won’t fix the economy — A breakthrough in fiscal policy is likely needed to resolve nation’s economic challenges. By Paul Cavey.
Bloomberg
- Chinese Solar Machinery Company to Supply Major Order to India — China’s Linton Technologies Group, one of the world’s largest makers of machinery to build solar wafers, said it secured an order from an Indian business for equipment to produce enough of the components for a 10-gigawatts solar power plant.
- Vietnam Opposes Alleged ‘Brutal’ Chinese Attack on Its Boat — Vietnam accused Chinese law enforcement of a “brutal” attack on a Vietnamese fishing vessel on Sunday that threatened the lives of crew members in disputed waters of the South China Sea.
- China’s Stock Boom May Turn to Bust as in 2015, Nomura Warns — Investors should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings Inc.
Reuters
- China and India reveal emerging market mistakes — The very word “emerging” suggests that less-developed economies with strong growth prospects can be expected to deliver superior investment returns. Edward Chancellor looks at how that turned out.
- EV tariffs are only the first step in EU-China war — After Friday’s narrow vote, the European Commission is still talking with China to see if an alternative to tariffs is possible to address what it sees as the Middle Kingdom’s “injurious” support of its auto sector.
- Online retailer Shein to hold roadshows soon ahead of London IPO, sources say — Shein confidentially filed papers with Britain’s markets regulator in early June, kicking off the process for a potential London listing by the company later in the year, Reuters reported in June.
Other Publications
- The Economist: Don’t celebrate China’s stimulus just yet — It will take more than a spectacular stockmarket rally to revive the economy.
- The Economist: China is using an “anaconda strategy” to squeeze Taiwan — Taiwan’s navy commander warns that his forces are increasingly strained.
- Brookings: Why ASEAN should not be a US-China battleground — The United States not only insists on promoting its presence in the region as a counterweight to Chinese influence—it also seeks political legitimacy as a leader.
- BBC: As communist China turns 75 can Xi fix its economy? — Plans announced by officials sparked a stock market rally but economists are unsure it is enough