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 Detains Employees at Apple iPhone Factory Run by Foxconn — Taiwan says investor confidence may be damaged after four Taiwanese are held.
- Taiwan Leader Urges Calm Amid Military Threats From Beijing — Lai Ching-te, who China accuses of separatism, says Beijing has no right to represent Taiwan.
- China Will Lift Ban on Australian Rock Lobsters, Australia PM Says — China is Australia’s largest trading partner, but Australia’s growing security ties with the U.S. has added complexity to its relationship with Beijing.
- This Chinese Miner Dominates Global Cobalt Supply. The U.S. Is Crying Foul. — With rapid expansion in Africa, CMOC seizes lead in metal used in EV batteries and weapons.
- China’s Central Bank Launches Swap Facility to Boost Stock Market — Eligible brokers and insurers can pledge assets such as bonds, stock ETFs, and shares of companies listed on the CSI 300 index to obtain liquid assets like Treasury bonds from the central bank.
- Chinese Brokerages’ Merger Details Power Their Shares Higher — The merger between Guotai Junan Securities and Haitong Securities is in line with China’s ambition of helping 10 brokerages lead the industry within the next five years.
The Financial Times
- Taiwan’s president calls on China to ‘live up to’ duty to protect peace — Lai Ching-te says Beijing has ‘no right to represent’ Taipei in first National Day speech.
- Chinese stocks inch higher ahead of finance minister’s briefing — CSI 300 rises 1% as central bank launches lending facility to stabilise market.
- China stimulus unleashes ETF buying spree in US and Europe — Bonanza helped lift global September inflows to $141bn, keeping industry on track for record-breaking year.
The New York Times
- Faced With Regional Setbacks, India Flexes Its New Economic Muscle — Tapping into a fast-growing economy, Prime Minister Narendra Modi has been offering financial help to India’s neighbors as he tries to counter China’s influence.
- Volkswagen’s Woes Reflect a Stagnant German Economy — Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.

Caixin
- Analysis: How Much Fiscal Stimulus Is Needed to Jumpstart China’s Economy? — Speculation continues to swirl around whether China will introduce sizable fiscal support to encourage growth.
- PBOC and Finance Ministry Join Forces to Add Bond Trading to Monetary Policy Toolbox — China’s central bank and the Ministry of Finance have set up a joint working group to strengthen cooperation in government bond trading operations, with the aim of enriching the central bank’s monetary policy toolbox and maintaining liquidity stability.
- In Depth: Why Making Green Hydrogen Is Keeping Producers in the Red — China’s green hydrogen sector is at a crossroads. Even after a flurry of investment and development activity, the high price of the end product is preventing the technology from breaking through.
South China Morning Post
- Chinese Premier Li Qiang pushes for stronger economic integration with Asean — Philippine President Ferdinand Marcos, Jnr says economic cooperation can’t be divorced from political security.
- China sets out ambitious timeline for comprehensive data-sharing system by 2030 — ‘Strategic resource’ will be used to improve services while protecting national security, according to policymakers.
- China launches US$70 billion swap tool to enhance stock market liquidity — Earlier than expected launch of China’s Securities, Funds and Insurance companies Swap Facility triggers market enthusiasm, speculation of more supportive policies.
- China expands project ‘white list’ to ease blues in property market — As China works to give its property market a lift, government agencies have been tasked to step up financing for major real estate projects.
Nikkei Asia
- EV teardown showcase reveals secrets to China’s low costs — Japan workshop for parts makers shows strategies from BYD, Nio and more.
- China’s ‘transnational repression’ intimidates critics in Japan: report — Beijing undermines activities ‘threatening to one-party rule,’ Human Rights Watch says.
- China stock rally looks to induce outflows from India more than Japan — Market players are interested in Japan’s China-exposed stocks: Goldman Sachs.
Bloomberg
- China Is Playing Catch-Up to Elon Musk in Space — President Xi wants to build China into a “space power.” But SpaceX’s big lead and China’s security concerns could hinder the nation’s private launch startups.
- BMW, Mercedes China Sales Plunge as Luxury Slowdown Worsens — Automakers are reeling from waning EV demand amid a protracted downturn and the EU-China trade spat.
- China’s Oil Refiners Get Iranian Offers at Narrower Discounts — The two sides are at a standoff as Tehran seeks more for its cargoes.
Reuters
- Exclusive: China’s Chery assembles cars in Russian plants vacated by Western rivals — Chinese carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volkswagen and Mercedes.
- Former China deputy central bank head gets suspended death sentence for taking bribes — Fan Yifei is the highest-ranking official at the People’s Bank of China to be arrested under President Xi Jinping’s anti-graft drive in the past decade.
Other Publications
- The Economist: China’s property crisis claims more victims: companies — Unsold homes are contributing to a balance-sheet recession.
- Washington Post: China intensifies efforts to influence 2024 election, focusing on local politicians — China is increasingly targeting down-ballot races in America, spreading divisive and antisemitic claims about politicians on the social media platform X.
- Foreign Affairs: The Peril of American Neglect in the Pacific — To compete with Beijing, Washington must beef up its presence in the region.
- Foreign Policy: China’s Climate Targets Could Make or Break the Paris Agreement — Beijing’s clean energy is booming—but its environmental ambitions are shrinking.