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
- How Bad Is China’s Economy? The Data Needed to Answer Is Vanishing — Beijing has stopped publishing hundreds of statistics, making it harder to know what’s going on in the country.
- America’s New Pacific Army Commander Lays Out His China Strategy — Gen. Ronald Clark says ‘extraordinary times’ demand agile ground forces, new missile systems and a different way of thinking.
- Trump’s Tariffs Are Lifting Some U.S. Manufacturers — Levies on imports are giving early boosts to some American factories.
- How a Pillar of New York’s Chinese Community Did Beijing’s Dirty Work — A prominent businessman is headed to prison after pressuring a suspected fugitive to surrender to China.
- What a $15,000 Electric SUV Says About U.S.-China Car Rivalry — World’s two biggest vehicle markets increasingly look like Mars and Venus.
The Financial Times
- Chinese exporters ‘wash’ products in third countries to avoid Trump tariffs — Asian neighbours wary of becoming staging posts for trade actually destined for U.S.
- Satellite images reveal Huawei’s advanced China chip production line — Rapid expansion of Shenzhen facilities designed to break dependence on foreign technologies.
- U.S. ability to defeat China in Taiwan threatened, top Indo-Pacific commander warns — Admiral Samuel Paparo says Beijing is outpacing Washington in weapons systems production.
- China, Russia and the remaking of the Eurasian supercontinent — Three books offer a guide to shifting power in the region and what it means for the U.S. and Europe.
- U.S. lawmakers urge SEC to delist Alibaba and Chinese companies — Heads of congressional panels say Baidu, JD.com and others have military links that pose ‘unacceptable risk’ to investors.
The New York Times
- As China Looks for Way Out of U.S. Trade Deadlock, Fentanyl Could Be Key — Chinese officials have long used their willingness to cooperate to stem the flow of fentanyl to the United States as leverage in talks over broader disputes.
- Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions — For Meta, Alphabet and other platforms, the elimination of the tariff exemption for inexpensive goods is already cutting into advertising revenue.
- China’s Garment Factories Face a Tipping Point After New Tariffs — As a U.S. tax loophole ends, the apparel makers that sell to America are forced to consider alternative markets or cheaper locations in and outside China.
- Opinion: DeepSeek. Temu. TikTok. China Tech Is Starting to Pull Ahead. — America must discard the belief that it is beating China in the innovation race. By Eric Schmidt and Selina Xu.
Caixin
- Trump’s First 100 Days Back in Office Is Breaking World Order — Canada gets threat of annexation while trade war threatens global growth.
- The Law Firms Leaving the Chinese Mainland — More than a dozen well-known foreign firms, most of them American, have scaled back operations or withdrawn completely.
South China Morning Post
- Princeton’s Rory Truex unwraps Trump’s gifts to China, from tariffs to tech wars — The Chinese politics specialist says he could imagine Beijing leadership smiling about Washington’s ‘counterproductive’ foreign policy.
- Wealthy Chinese turn away from US real estate as Trump amps up trade war with Beijing — A growing number of Chinese homebuyers are shifting their attention to markets like Thailand, Australia, Singapore and the UK.
- Chinese graduates in UK face bleak prospects amid job crunch: ‘it’s devastating’ — Some young Chinese struggling even to secure restaurant work due to Britain’s tough labour market and tightening visa rules.
Nikkei Asia
- California’s Newsom offers ‘open hand’ to China amid Trump trade war — Governor calls for expanded CHIPS Act and targeted tariffs in Nikkei interview.
- Chinese automakers reach crossroads after conquering export markets — In echo of Japan, offshore production set to increasingly drive foreign sales.
- Rare-earth prices triple to new records on China export curbs — Trade war with US squeezes supply of key materials for EVs and more.
- China’s price wars come for its baijiu liquor makers — $165bn industry set for slowest growth in a decade under deflationary pressure.
- Demise of ‘de minimis’ sparks China-to-U.S. airfreight cancellations — Rates for flying goods expected to drop as demand weakens for cheap imports.
Bloomberg
- U.S.-China Tensions Stall Bunge’s $8.2 Billion Viterra Deal — China has yet to approve the deal, with Bunge executives and advisers growing increasingly concerned the political rift will continue to hold up the process.
- China’s Early Dividend Payouts to Help Ease Yuan’s Price Swings — Chinese companies listed in Hong Kong are bringing forward dividend payments to the second quarter, a move that may smooth out yuan volatility over the year.
- Young Americans Sour on Trump’s China Tariffs Despite Election-Year Bump — Frustrations are setting in for young Americans who played a critical role in Trump’s election victory.
Reuters
- China’s Ant Group plans to list overseas unit in Hong Kong, report says — The report did not say whether the discussions were taking place with regulators in China or elsewhere.
- Exclusive: US lawmaker targets Nvidia chip smuggling to China with new bill — Chip smuggling has taken on new urgency after the emergency of China’s DeepSeek.
Other Publications
- The Economist: China’s secret weapon in the trade war — Its miraculous gig economy is propping up jobs.
- The Washington Post: Trump has cut global climate finance. China is more than happy to step in. — Even U.S. allies locked in national security disputes with Beijing, like the Philippines, are finding it impossible to resist China’s green energy infrastructure.
- Rest of World: How China is gaining ground in the Middle East cloud computing race — Huawei and Alibaba are outpacing established U.S. providers by aligning with government priorities and addressing data sovereignty concerns.
- Foreign Policy: Is It Too Late to Slow China’s AI Development? — The U.S. has been trying to keep its technological lead through export restrictions, but China is closing the gap.
