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
- Chinese AI Chipmakers Target $1.66 Billion in Onshore Listings — Two Chinese AI chip companies aim to raise a combined $1.66 billion through initial public offerings, as China steps up efforts to achieve chip independence amid an escalating U.S-China tech competition.
- China’s Communist Party Now Has 100 Million Members. Many Are in It for the Paycheck. — In a sluggish economy, membership is seen as a path to a stable state-sector income.
- China Caixin PMI Signals Return to Growth in Manufacturing Sector — The Caixin manufacturing purchasing managers index rose to 50.4 in June from 48.3 in May.
The Financial Times
- China left off toughest tier of UK regime tracking ‘covert foreign influence’ — Firs register is designed to offer assurance on activities of overseas powers seen as posing a national security risk.
- Hong Kong’s bull market leaves China behind — Mainland equities are flat in first six months of 2025, while Hang Seng index has gained 20%.
- Hyundai seeks to ride Chinese coat tails to grab market share in Europe — South Korean group open to building third plant on the continent as it aims to replicate US success.
- Opinion: A resurgent China should do the hard work now — The government could use this moment of stability to rally people around reforms that tackle structural issues. By Eswar Prasad.
The New York Times
- As Debt Piles Up, Countries See Fiscal Relief as Political Leverage — With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.
- China Bans Some Portable Batteries From Flights as Safety Concerns Grow — Airlines and governments around the world have tightened restrictions on the devices after a series of accidents. The ban in China has caught some travelers off guard.
- Opinion: China Used to Emulate America. Now the Reverse Is True. — In the great dance between the two rivals, it’s getting harder to tell which of them is leading and which is following. By Jacob Dreyer.
Caixin
- Zijin Strikes Gold in Kazakhstan with $1.2 Billion Deal — Zijin aims to increase its annual gold production from 73 tons in 2024 to over 100 tons by 2028.
- Canada Kicks Out Chinese Surveillance-Gear Maker — Ottawa labels Hikvision a threat to national security, bans use of its equipment by official bodies.
- Opinion: New Legislation Targets Race-to-the-Bottom Competition Among China’s Internet Firms — The amendments to China’s Anti-Unfair Competition Law are a timely response to real-world problems aimed at ensuring the long-term health of the internet industry. By Caixin.
South China Morning Post
- Trump’s Golden Dome: will the numbers add up to deter China in the Indo-Pacific? — Planned defence system could make it harder for PLA to strike US bases like those in Guam and Okinawa, or warships trying to defend Taiwan.
- For some China retailers, US still offers path to profit, one toy or tea order at a time — More offline mainland brands are placing big bets on American consumers despite bilateral tensions and weak investor sentiment.
- Beijing’s military parade not focused on Taiwan, but its message will be — China’s September display marking 80th anniversary of end of WWII will be a statement, as well as a show, observers say.
- New rules to set boundaries for China’s top decision-making bodies — Communist Party’s inner circle reviews proposal to ensure coordinating groups don’t overstep their authority.
- Chinese chipmaker Sophgo adapts compute card for DeepSeek in Beijing’s self-reliance push — Heightened US chip export controls have prompted Chinese AI and chip companies to collaborate.
Nikkei Asia
- China’s Xiaomi takes on Tesla, armed with 1,000 EV factory robots — Automaker plans 2nd and 3rd plant to keep up with demand.
- Opinion: CRINK rethink: China, Russia, Iran, North Korea are no ‘axis of evil’ — Misleading concept must not obscure the long-term challenge posed by China. By William Matthews.
- Opinion: China’s emissions reductions could be the biggest climate story of the year — The more Beijing relies on renewables, the more demand for fossil fuels increases. By Tim Daiss.
Bloomberg
- China’s Homegrown Jewelry Superstar — Domestic jewelry brand Laopu Gold Co. has prospered with a growing range of gold rings, necklaces, bracelets and more aimed at the aspirations of a bruised middle class.
- Chinese Automakers Grab Record Hybrid Market Share in Europe — Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the biggest slice of the EV market in 10 months.
- Russia Base Metals Sales to China Surge, Signaling Deep Reliance — Russian base metals sales to China surged in the first five months of 2025, underscoring its economic dependence on its Asian neighbor even as the country seeks to diversify trade.
- Opinion: Xiaomi Made a Cheap Ferrari EV. Who Needs Porsche? — Western luxury automakers should fear the increasingly sophisticated (and cheap) EVs China is churning out. By Chris Bryant.
- Opinion: Humanoid Robots Need to Avoid Chinese Domination — The US can’t afford to repeat the mistake it made in allowing China to take over the drone industry. By Thomas Black.
Reuters
- US prices for China-made goods on Amazon rise faster than inflation, analysis shows, as tariffs bite — The analysis shows that price increases for those goods accelerated beginning in May, a signal U.S. President Donald Trump’s tariffs are starting to filter through to consumers.
- China ready to discuss tariffs and subsidies with US at WTO — China had heard “every word” the U.S. had said at the WTO about its trade practices and is open to discussing tariffs.
- Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth — Beijing-based Moore Threads plans to raise 8 billion yuan, while Shanghai-based MetaX seeks 3.9 billion yuan, according to their IPO prospectuses filed on Monday.
Other Publications
- Foreign Policy: Australia Can’t Have Its Geopolitics Both Ways — Trump forces a reckoning with China on a key Indo-Pacific ally.
- Foreign Policy: Is This an American Cultural Revolution? — Liberal critics charge Trump with creating a cult of personality not unlike Mao Zedong’s.
- Foreign Affairs: An Industrial Policy With American Characteristics — To Compete Like China, America Should Build Like China.
- The Economist: Xi Jinping’s wages war on price wars — Unfortunately for China’s leader, his own policies are often to blame for them.
- Rest of World: Chinese students are using AI to beat AI detectors — As Chinese universities crack down on AI use, some students report false positives — and a booming industry of work-around tools is emerging.
