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.
Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here.
The Wall Street Journal
- Temu Owner PDD’s Profit Slides as Woes in the U.S. and China Sink In — Intensifying competition in China and new U.S. tariffs led to the slowest sales growth since early 2022.
- Trump’s ‘Golden Dome’ Riles Nuclear-Armed Foes — China, Russia and North Korea—harboring weapons that could reach U.S.—assail missile-shield plan as a blow to global stability.
- Opinion: Trump’s Foreign Policy Crossroads — The President faces key moments of decision on U.S. adversaries. By The Editorial Board.
- Opinion: The Real Story of the ‘China Shock’ — The jobs harm was largely local and temporary, while overall jobs and consumer welfare increased. By James J. Heckman and Hanming Fang.
The Financial Times
- EU companies more concerned about China slowdown than tariffs — Survey indicates hurdles for Beijing as it negotiates with US on trade.
- The lessons from China’s dominance in manufacturing — Beijing’s aggressive investments in domestic production have strained trade relations with western partners. But can the world learn from it?
The New York Times
- Doing Business in China Is Getting Harder, but Its Exports Are Hard to Resist — European companies operating in China say the market has become increasingly challenging because of weak economic demand and opaque government rules on business.
Caixin
- China’s Chengtong Group Commits $83 Million to Digital Economy ETFs — Move is seen as an effort to boost market confidence and support China’s industrial policy.
- Wanda to Sell 48 Malls to Ease Debt Woes — PAG, the private equity firm leading the purchase, already has a stake in one of the conglomerate’s property units.
- Changan Auto Chief Optimistic on Merger With Dongfeng Motor — Zhu Huarong says a government-orchestrated tie-up of two state-owned automakers offers his company an opportunity to grow its business.
South China Morning Post
- PLA attack on Taiwan ‘unlikely’ but ‘not impossible’ with Trump in White House: report — US-China ties never been ‘more strained’ in the 21st century, report by British think tank and co-organiser of Shangri-La Dialogue says.
- ‘Never right’: why there’s a war of words over Beijing’s English translations — Linguistic, cultural and political differences make interpretation difficult, but analysts also point to factors like the target audience.
- WeChat denounced for complicity in US fentanyl crisis by North Carolina official — Jeff Jackson, the US state’s attorney general, says Chinese social media app facilitates money laundering that helps fuel illicit trade.
Nikkei Asia
- China rare-earth controls could starve EU factories in days, chamber warns — Survey highlights fading faith in world’s No. 2 economy ahead of trade chief talks.
- Huawei-linked chip chemical supplier aims to replace Shin-Etsu, JSR, DuPont — Cornerstone hires experts from Japan, South Korea to build China’s chipmaking material leader.
- US vs China: Who’s leading the race to make AI agents a reality? — From Google to Alibaba, commercialization is key after the ‘DeepSeek shock’.
Bloomberg
- China Deflation Worry Is Eclipsing Trade War Thaw for Economists — Economists expect deflationary pressure to get worse in China, even as they improve forecasts for growth and exports this year after a truce in the trade war with the US.
- Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling — Trump’s policies are turning US markets from a haven into a source of volatility and pain.
- Opinion: China Talks of Unity, But Beijing Always Comes First — Xi Jinping boasts about the “Asian Family.” The nation’s actions tell a different story. By Karishma Vaswani.
Reuters
- China auto market price war stokes fears of industry shake-out — The BYD price cuts, along with other developments, signal a potential tipping point, where weaker players can no longer sustain deepening losses from the downward spiral on prices.
- India’s alarm over Chinese spying rocks the surveillance industry — The security-testing policy has sparked industry warnings of supply disruptions and added to a string of disputes between Prime Minister Narendra Modi’s administration and foreign companies over regulatory issues and what some perceive as protectionism.
- China’s most advanced bombers seen on disputed South China Sea island — Regional diplomats and analysts say deployments of the jet-powered H-6 are closely scrutinised, given the way its Cold War-era airframe has been modernised to carry anti-ship and land attack cruise missiles.
Other Publications
- Foreign Affairs: Trump Is Killing American Innovation — And China Will Reap the Benefits.
- AP: Czech Republic blames China for cyberattacks against its foreign ministry communication network — The Foreign Ministry said the malicious activities started in 2022 and targeted the country’s critical infrastructure.
- CNBC: The West is recycling rare earths to escape China’s grip — but it’s not enough — China is tightening its grip on the global supply of key minerals that are needed in every car, particularly electric vehicle motors.
