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
- Nvidia’s Trump Worries Go Far Beyond China — ‘AI-diffusion’ rules could limit U.S. chip company’s sales even to friendly countries—and give more opportunity to foreign rivals.
- Retail Giants Manage to Keep a Lid on Prices but Warn It Can’t Last — Prices have largely held steady overall, aside from modest April increases in some categories, a WSJ analysis finds.
- AstraZeneca Sales, Earnings Rise; Warns of Mounting Legal Challenges in China — Its oncology segment revenue grew 13%.
- China Pushed a Hard Sell on Autonomous Driving. After a Deadly Crash, It’s Pulling Back. — Xiaomi collision intensifies regulatory scrutiny as U.S., China compete over driver-assistance technology.
- China Offers Olive Branch to U.S. Firms After Boeing Delivery Halt — Beijing said that U.S. tariffs had harmed China’s airlines and Boeing.
- Opinion: Trump and the iPhone Made in India — Does he see it as success against China, even if it isn’t made in the USA? By The Editorial Board.
- Opinion: On Track for Cold War With China — The rivalry between the U.S. and China colors everything in the Indo-Pacific, including the chances of another India-Pakistan war. By Walter Russell Mead.
The Financial Times
- China calls US a ‘small stranded boat’ in propaganda campaign — Beijing hardens rhetoric as it rolls out social media videos portraying itself as standing up to American ‘bullying’.
- China’s copper supplies set to run out as US tariffs bite, says Mercuria — Market suffers one of ‘greatest tightening shocks’ in its history as traders race to get ahead of potential levies.
- Emerging markets set to become battlegrounds in trade war — Developing nations face a poisoned chalice of influx of cheap goods from China and tariff penalties for trade diversion.
- Companies find themselves caught in deglobalisation crossfire — The unravelling of complex supply chains will put major industries at risk, even in the US, executives say.
- Trump’s tariff thunderbolt strikes a world with proven resilience — The WTO may be weakened, but a pragmatic resistance to protectionism among other nations could save world trade.
- US declaration of world trade war tests resolve of WTO members — Director-general of the multilateral institution says challenge could be beneficial, but others warn of looming ‘chaos’.
- Chinese carmakers reset European ambitions as EU tariffs bite — Extra costs have hit the price competitiveness of many groups while some have struggled to expand distribution networks.
The New York Times
- Trump’s Tariffs Put China’s E-Commerce Superpowers to the Test — Companies like Alibaba that built China’s world-leading online shopping sector are now helping its sellers find markets beyond the United States.
- Why the Economic Disruption From Trump’s Tariff War Will Be Hard to Reverse — The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
Caixin
- China Renews Calls for IMF Quota Reform to Boost The Voice of Emerging Markets — Reform is critical for the IMF’s legitimacy and effectiveness, says governor of China’s central bank.
- Dongfeng Nissan Bets on China-Designed EV to Reclaim Lost Ground — The joint venture bets on local technology and design in the new N7 sedan to turn around sagging sales in the country.
- China Expands Hydrogen Push as Hurdles Remain — China dominates global production, but its shift toward a green version of the fuel remains slow due to technology and cost constraints.
- Tianqi’s Lithium Gamble Falters as Chile Advances SQM Nationalization — Nationalization of SQM could hit future returns of China’s Tianqi which bet $4 billion of the Chilean lithium producer.
- China’s Vast Covid Quarantine Facilities Torn Down and Sold Off — Local governments are recouping what they can, selling cabins, water heaters and fans to local businesses.
South China Morning Post
- China’s Xi dials up tech push, Global South solidarity as US tariff war deepens — Choice of Shanghai as first stop since trade war worsened underlines commitment to boosting core advantages to tackle external pressures.
- Hollywood faces defining moment in China as Disney prepares new releases — Beijing appears to be holding off on a drastic curb of American film imports – for now, at least – as US-China tensions simmer, analysts said.
- Walmart has told some Chinese suppliers to resume shipments: sources — The American retail giant will reportedly also bear the cost of any new tariffs, after the escalating US-China trade war slowed deliveries to a trickle.
- Alibaba unveils Qwen3 AI models that it says outperform DeepSeek R1 — The release comes just days after Baidu introduced two advanced models amid speculation about the imminent release of DeepSeek’s R2.
- Opinion: Chinese and American analysts find common ground amid Trump’s chaos — At an event in Hong Kong, observers largely agree that US president’s unpredictability and ‘America first’ doctrine have intensified rivalry. By Shi Jiangtao.
Nikkei Asia
- China-Egypt ties reach new heights with joint air exercises — Beijing reinforces presence in tense region as experts see waning US clout.
- Trump a ‘super-accelerator’ of human rights deterioration, Amnesty says — Annual report paints ‘worrying’ picture of Asia, from China to Myanmar.
- Trump’s first 100 days spark anxiety across Asia: 4 things to know — Asian governments, companies and communities race to keep up with policy changes.
Bloomberg
- The US Factory Where Trump Previewed His Tariffs in 2017 Is Now in China — The president celebrated the first 100 days of his first term at a Pennsylvania factory that’s since closed.
- Trump’s China Attacks Are Unleashing Wave of Nationalist Support for Xi — Even critics of the Chinese leader want him to stand firm in the face of an unprecedented economic attack.
- China Vows to Stand Firm, Urges Nations to Resist ‘Bully’ Trump — China’s top diplomat warned countries against caving in to US tariff threats, as the Trump administration hints at the possible use of new trade tools to pressure Beijing.
- China Asks Drugmakers, Hospitals to Find US Import Substitutes — China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw materials, people familiar with the matter said.
- Opinion: China Is the Wrong Model for the US Economy — The Chinese economic experiment shows that there are diminishing returns to a planned economy. By Allison Schrager.
Reuters
- China’s Guangzhou port starts shipping route to Peru — The announcement comes as Beijing aims to further strengthen its relationship with resource rich Latin America amid trade tensions with the United States.
- Surge in trips expected for Chinese holiday, but travellers keep budgets tight — While more people are taking a holiday many are keeping a tight rein on spending amid an economic slowdown and concern about employment and wage stagnation.
- China’s Xi pushes AI and ‘Global South’ opportunity amid US trade war — Although Xi did not reference the trade war started by U.S. President Donald Trump during his visit, the implicit message was clear: China can develop its own leading technology and has alternative markets.
Other Publications
- Foreign Policy: The Cartoon That Shows China’s Bet on Consumption — “Ne Zha 2” signals where Beijing wants the economy to head.
- Foreign Affairs: How China Armed Itself for the Trade War — Beijing’s High-Risk Approach to Its Economic Confrontation With Washington.
- The Washington Post: China says it won’t ‘kneel’ to U.S., urges countries to resist bullying — As the trade war between the two economic giants continues, Beijing declared that “bowing to a bully is like drinking poison to quench a thirst.”
- The Atlantic: Trump Is Paving the Way for Another ‘China Shock’ — The MIT economist David Autor helped fracture the old free-trade consensus. But he thinks that what’s replacing it is even worse.
- The Guardian: Alibaba co-founder Jack Ma implicated in intimidation campaign by Chinese regime — Billionaire appears to have been asked to pressure friend to return to China to help pursue out-of-favour official.
