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 Property Stocks Rise on Policy Support Hopes — Despite the sudden cheer, analysts remain cautious on the property sector’s outlook.
- BMW Vehicle Deliveries Rise as Strength in Europe Offsets China Weakness — The automaker previously cautioned that tariffs would take a toll on its second-quarter results.
- Uniqlo Owner’s Quarterly Profit Drops on Weaker China Business — Fast Retailing is working on expanding its digital retail presence to become the world’s top brand.
- Opinion: Alaska Has the Rare Earths We Need — Most of it is on federal land. Trump could open it up and make America less dependent on China. By Frank Murkowski.
The Financial Times
- Nvidia’s Huang plans Beijing trip ahead of new China AI chip launch — CEO to talk with Chinese officials next week, aiming for September unveiling of processor compliant with U.S. export controls.
The New York Times
- Trump Discusses Economic Investment With African Leaders at White House Meeting — The administration is aiming to strike deals to expand the United States’ access to critical minerals and to counter China’s rising influence in Africa.
- China Surveys Seabeds Where Naval Rivals May One Day Clash — Chinese research ships are studying the seas for science and resources, but the data they gather could also be useful in a conflict with Taiwan or the United States.
- His Start-Up May Not Survive Chaotic Rollout of Trump’s Tariffs — A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.
- Southern China and Hong Kong Brace for Floods and Fierce Winds from Danas — The authorities warned of possible flash flooding as the remnants of Typhoon Danas passed through the region. Hong Kong suspended schools for Friday.
Caixin
- Dollar’s Slide Sparks Surge in China’s Overseas Fund Investments as QDII Demand Heats Up — Rally comes as markets are increasingly pricing in the risks of ‘de-dollarization.’
- Offshore Wind Needs More Government Support to Unleash Its Potential, Report Says — A coordinated national strategy is required to make the most of the industry’s potential to decarbonize China’s most energy-hungry regions.
- The Scam That Turned China’s Housing Slump Into a Cash Machine — Speculators are exploiting the discrepancy between low actual sale prices and high official valuations.
South China Morning Post
- EU boosts China de-risking efforts with plans to regain control of key sectors — Brussels seeks to cut reliance on China for chemicals and medical supplies and also unveils new stockpiling strategy.
- EU urges China for rare earth access amid US tariffs, growing supply worries — European officials demand action to reduce dependency — but analysts warn more time needed to implement strategy.
- Why dozens of Chinese firms are joining the weight loss drugs fray — In China, over 60 late-stage drugs are undergoing clinical trials, and may compete with those from incumbents Novo Nordisk and Eli Lilly.
- ‘Whatever they do is wrong’: Chinese exporters trapped by Trump’s Asean tariffs — ‘Every investment is a gamble,’ and Chinese factories face ‘huge losses’ by operating in Southeast Asian countries facing Trump’s tariffs, according to industry insiders.
Nikkei Asia
- China lifts Japanese seafood ban amid political maneuvering — Personnel reshuffle suggests change of fortunes for ‘environment faction.’
- Nidec hopes to catch China stimulus tailwind with appliance motor plant — Japan manufacturer builds new factory to tap into Chinese domestic demand.
- ASEAN, China deepen relations amid U.S. tariffs and global trade tensions — New trade pact cements ties as South China Sea tensions persist.
- China solar stocks shine as Beijing vows to combat price wars — Potential supply-chain reform brightens prospects for ailing domestic sector.
Bloomberg
- Xi Signals China May Finally Move to End Deflationary Price Wars — Xi’s government must curb excess supply without stalling growth or putting jobs at risk, especially as external demand slows and a lasting trade deal with the U.S. remains elusive.
- Li Ka-shing’s Ports Deal Trips Up Son’s China Insurance Ambition — The setback reflects the continued fallout from the proposed sale of 43 ports, which has become a proxy battleground for growing U.S.-China rivalry.
- Opinion: Can China Compete in the AI Talent War? — The contest in Silicon Valley is increasingly becoming a fight for Chinese researchers. This isn’t lost on Beijing. By Catherine Thorbecke.
Reuters
- U.S. scrutinizes Chinese AI for ideological bias, memo shows — The evaluations are another example of how the U.S. and China are competing over the deployment of large language models.
- Vietnam plans new penalties for illegal transshipments after Trump deal, documents show — Vietnam has focused its inspections on Chinese products as it tries to comply with commitments made to Washington.
- Exclusive: U.S.-owned company seized to feed Russia planning to supply China, North Korea instead — The strategy shift shows how Russia’s trade has changed since invading Ukraine, including by expanding ties with North Korea and China.
Other Publications
- AP: Republicans urge U.S. universities to cut ties with China-backed scholarship program — The China Scholarship Council sponsors hundreds of Chinese graduate students every year at U.S. universities.
- The Washington Post: Why do young Chinese join the Communist Party? For many, it’s practical. — Membership in the Chinese Communist Party has become a sticking point for the Trump administration. But many join for professional over political reasons.
- MIT Technology Review: China’s energy dominance in three charts — The country is installing solar, building EVs, and investing across energy at a rapid clip.
- Foreign Affairs: The Real AI Race — America needs more than innovation to compete with China, write Colin Kahl and Jim Mitre.
- Foreign Policy: China Should Invite Trump to Its Military Parade — The 80th anniversary of the global victory over fascism offers a chance to change narratives.
