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
- The Fortress That China Built for Its Battle with America — Beijing is racing ahead in advanced technology, including in robots, satellites and AI — and in some cases is catching up with the U.S.
- Chinese Firms’ Plan to Avoid Stock Delisting: Buy Trump’s Memecoin — More companies announce plans to buy cryptocurrencies to help lift their share prices.
- EU Launches Antidumping Probe on Tires From China — The European Commission could impose provisional duties on imports in the next eight months.
- Lenovo Well-Placed to Tackle Tariff Risks, CEO Says — ‘As long as we know what the end game is, we will adjust quickly,’ Yang Yuanqing said.
- Australia Central Bank Upbeat On China’s Ability to Ride Out Trade War — China is prepared to ‘face into’ the challenge of a trade war with the U.S., the RBA’s deputy governor says.
The Financial Times
- Feel it’s all pointless? You’re not alone — China’s workplace terms offer a glimpse into its corporate culture and society, and the ideas are going global.
- Opinion: A geopolitical conflict over minerals may finally be a real threat — The latest set of Chinese restrictions on rare earths exports are the most worrying to date. By Alan Beattie.
- Opinion: China’s developers at risk as young home buyers walk away — There are signs of hope for the market but not enough to help developers out of their current predicament. By Lex.
The New York Times
- Roof of 14th-Century Drum Tower Partially Collapses in China — The Drum Tower in Fengyang County, which dates to the 14th century, is one of many historical sites that have been renovated as cultural tourism has boomed.
- What Trump’s Apple Threat Means for India’s Tariff Negotiations — Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.
- Opinion: Trump’s Dangerous Obsession With the Panama Canal — By pushing Panama’s president for one concession after the next, Trump is weakening a government closely aligned with the United States. By Will Freeman.
Caixin
- China’s Senior Living Scandal Deepens as Elder Care Giant Faces Fraud Probe — Industry experts warn Shanyuhai’s collapse may not be an isolated incident.
- China’s Export Engine Reboots Cautiously After Tariff Truce — Exporters are back in business, but lingering uncertainty is making them to look to new markets.
- Why China’s Yuan Is Set to Strengthen — After years of weakness, the currency may be poised for a rebound as Fed rate cuts loom and corporate earnings improve.
South China Morning Post
- Did China just take the lead in race for space-based AI computing dominance? — Launch of world’s first satellite computing constellation gives China big head start in orbital data processing, despite major hurdles ahead, experts say.
- Hong Kong’s CK Hutchison stresses need for war chest in face of geopolitical tensions — Chairman Victor Li says company must maintain fiscal health, as another senior manager stresses $23 billion ports deal will comply with regulations.
Nikkei Asia
- China’s drug czar plays outsized role in U.S. tariff talks — Donald Trump’s fentanyl retaliation tariff of 20% weighs on Chinese economy.
- Automobile price war weighs on China’s consumption recovery — Budget EVs under $10,000 spark fierce competition among Chinese carmakers.
- China’s CATL a top subsidy recipient on first-half figure alone — Battery maker’s full-year disclosure opaque as wider EV sector bags substantial aid.
Bloomberg
- Xiaomi Billionaire Touts New Chinese Chip in Tech Showcase — Xiaomi is keen to push deeper into tech arenas beyond the affordable smartphones and appliances it’s best known for.
- Jamie Dimon Says JPMorgan Was Right to Do CATL Deal Despite Opposition — “If we thought it was wrong, we wouldn’t do it,” Dimon said.
Reuters
- No place to hide from any China-Taiwan conflict, investors say — For investors, the choice is to stay out completely or stay invested and hope for the best.
- China stimulus lies behind a Great Wall of assets — There is limited space to unleash further stimulus according to orthodox rules.
- Exclusive: U.S.-China trade truce may ease Komatsu’s tariff pain by $140 million, CEO says — The world’s second-largest construction and mining machinery maker will benefit from the reduction of levies on the Chinese steel it buys.
Other Publications
- Foreign Policy: Trump’s Trade War May Make Elite Young Chinese More Nationalistic — Students are surprisingly indifferent toward Taiwan.
- Foreign Policy: China Claims It Slashed Emissions of a Major Super Pollutant. The Data Says Otherwise. — As of 2023, China continued to emit HFC-23 at high levels in violation of an international agreement.
- The Economist: China’s universities are wooing Western scientists — And they are reaching beyond academics with Chinese heritage.
- Rest of World: DJI drones are everywhere. The U.S. may still ban them — No U.S. agency has been assigned to review DJI’s security risks, which could trigger an automatic ban by year’s end.
- Los Angeles Times: Opinion: Why is the GOP resisting Chinese investment in the U.S.? — If manufacturers move production to the U.S. and hire Americans, that’s a win for Trump’s agenda and our economy. By James Bacon.
