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 Industrial Profits Remain in Decline — Beijing launched consumer trade-in and equipment-upgrade programs last year.
- Chinese Scientist Ostracized Over Gene-Edited Babies Seeks Comeback — He Jiankui stands by a controversial research approach that landed him in prison as he aims to tackle Alzheimer’s disease.
The Financial Times
- Taiwan boosts defence readiness in show to U.S. and China — Exercise to strengthen resilience are part of broader effort to raise armed forces’ capabilities.
- U.S. companies feel China squeeze as new Trump tariffs loom — Executives look for workarounds and rethink supply chains to lessen reliance on China.
- Chinese regulators open path to IPO revival in mainland market — Change in stance by Beijing follows rebound in domestic stocks since September.
- Fastest-growing FT1000 company illuminates solar market evolution — Top-ranked Menlo Electric is expanding into new markets amid a glut of Chinese photovoltaic panels in Europe.
- Opinion: China’s developers start to climb out of their self-dug hole — Grinding through all of the country’s property excesses will still take years. By Lex.
The New York Times
- Trump Floats Chinese Tariff Cuts in Exchange for TikTok Deal — The social media app could shut down on April 5 unless it is sold to a new non-Chinese owner. Mr. Trump issued an order delaying the enforcement of a federal ban, and told reporters he could extend that delay, if necessary.
- China Is Courting, and Confronting, U.S. Allies Made Uneasy by Trump — Even as China offers itself to nations like Japan as a more reliable partner, its ships are pushing into their neighborhoods — sometimes on the very same day.
Caixin
- Meet the Leading Players in China’s Humanoid Robotic Revolution — Who’s who of China’s pioneering startups leading the world in robotics.
South China Morning Post
- Top trade envoys for U.S. and China speak for first time since Trump’s return to White House — In call, Chinese Vice-Premier He Lifeng and U.S. Trade Representative Jamieson Greer trade ‘serious concerns’ but agree to maintain contacts.
- Beijing research lab says inclusion on export control list undermines global AI cooperation — The updated BIS list includes more than 50 new Chinese entities, including six units of cloud computing provider Inspur Group.
- In China, EU trade chief to play hardball after Trump tariff rebuff — EU officials experienced on China have insisted in planning meetings that no concessions should be made to Beijing.
- Is the ‘China threat’ the last thing keeping Trump’s U.S. and the rest of the West together? — As ‘America first’ pressures G7 unity, Western moves to divert Washington’s hostility could be short-lived if U.S.-China relations improve.
- Hutchison, government seek ‘reasonable way out’ as Panama ports deal deadline nears — Sources say Hong Kong government approached Hutchison immediately after learning on March 4 about the surprise deal to sell its port operations.
Nikkei Asia
- Panama port deal puts ‘prophet’ Li Ka-shing to the test — The Hong Kong tycoon’s move comes as the U.S. and China ratchet up tensions.
- Honda embraces AI, robots at China EV plant to slash staffing — Automaker boosts efficiency with eye on 100% electrification goal.
Bloomberg
- Trump Blocks 10% of Funds for Key Agency in U.S.-China Tech Race — BIS has introduced curbs that aim to limit China from developing advanced AI capabilities that could give Beijing a military edge.
- China Pauses New Deals With Li Ka-shing Family After Panama Ports Plan — The directive was issued to state-owned enterprises last week at the behest of senior officials.
Reuters
- China’s Xi to meet with BMW, Mercedes, Qualcomm CEOs, sources say — The frequency of meetings between foreign executives and high-level Chinese authorities has picked up over the past month.
- Exclusive: China’s H3C warns of Nvidia AI chip shortage amid surging demand — The potential supply crunch could create obstacles for China’s artificial intelligence ambitions at a time when its tech firms are aggressively expanding their investments in AI.
- Chinese EV maker Nio to raise $450 million for EV development, term sheet shows — Nio will offer 118.8 million shares at HK$29.46 each, a 14% discount to the stock’s closing price on March 26.
Other Publications
- The Economist: Can foreign investors learn to love China again? — Wall Street still needs more to coax it back. But non-American firms may be ready to return.
- Foreign Affairs: China Sees Opportunity in Trump’s Upheaval — Jude Blachette writes about Beijing’s strategy for pursuing a deal while managing the risks of disorder.
- Foreign Policy: China Won’t Be the Obvious Winner in Latin America — What does Washington’s assertive approach mean for Beijing’s regional influence?
