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
- China’s Cybersecurity Regulator Summons Nvidia Over Chip-Security Issue — The Cyberspace Administration of China wants Nvidia to explain “backdoor security risks” associated with its H20 chips sold in China and submit relevant documents.
- China Official PMIs Signal Impending Slowdown — The country’s official gauges of economic activity weakened in July, signaling a potential economic slowdown after resilient growth in the first half of the year.
- Global Trade Raised Living Standards for Millions. New Barriers Are Reversing the Trend — President Trump’s trade fight with Beijing means those low-cost Chinese imports are ending up in Indonesia—as China unloads excess stuff it can’t sell in the States.
The Financial Times
- China summons Nvidia over ‘serious security issues’ with chips — Meeting comes as US semiconductor giant seeks to revive sales in the country.
- Top Republican lawmaker to lead congressional delegation to Taiwan — Visit comes at a delicate moment in Washington-Taipei relations as China exerts increasing pressure.
- China’s JD.com launches €2.2bn offer for German electronics retailer Ceconomy — Deal would rank as one of largest Chinese acquisitions in Europe for years.
- Opinion: China has done HSBC a backhanded favour — It may be an elegant way for the bank to start stepping back from an investment that no longer looks so compelling. By Lex.
The New York Times
- China Summons Nvidia Over ‘Backdoor Security’ Risks of A.I. Chips — The move came two weeks after the Trump administration reversed course to allow Nvidia to sell the coveted artificial intelligence chips in China.
- China’s Small Workshops Are Hurting. Trump’s Tariffs Are Only One Reason. — The U.S.-Chinese cease-fire left exporters with crippling tariffs, worsening a slowdown for light-industry factories caused by China’s shift to advanced manufacturing.
- Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China — Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.
Caixin
- China’s Politburo Strikes Cautious Tone on Economy, Signals Flexible Policy for Second Half — Meeting reflects a wait-and-see stance after stronger-than-expected first-half performance, say analysts.
- IMF Lifts China, Global 2025 Growth Forecasts — Chinese economy projected to expand 4.8%, helping to boost global growth to 3%.
- Fugitive Real Estate Tycoon Surrenders in Hong Kong After 14 Years on the Run — Former Neo-China chairman to face conspiracy-to-defraud charges dating back to 2011.
- China Earmarks $12.5 Billion for Childcare Subsidies to Stop Plummeting Birthrate — NHC outlines how subsidy rollout will work as China encourages parents to have larger families.
- Opinion: China Needs to Pay Parents, and Pay a Lot — Beijing’s new national childcare subsidy represents a long-overdue acknowledgment of the country’s demographic crisis. By Liang Jianzhang.
South China Morning Post
- Will China win renewables race while US pivots to fossil fuels and nuclear? — The One Big Beautiful Bill Act dramatically reverses American support for clean energy in a world racing towards decarbonisation.
- US-China trade talks signal shift that could reshape global order: analysts — Future negotiations could take place against a more fragmented backdrop, as the superpowers vie for influence over third countries.
- China says Japan’s space defence guidelines ‘threaten security and stability’ — Tokyo’s new strategy cites Chinese and Russian development of military capabilities in space as a reason for boosting defence.
Nikkei Asia
- Collective leadership reasserts itself in China’s military — The tradition is reemerging ahead of the party’s annual Beidaihe meeting.
- ‘China’s Instagram’ used to steer Taiwan public opinion: Taipei official — Apps such as Xiaohongshu and Douyin collect vast amounts of personal data.
- Ford touts ‘Model-T moment’ for EVs to counter China’s Geely, BYD — Trump tariffs driving regionalization of global auto market, CEO Farley says.
Bloomberg
- Luxembourg Probes Possible Wrongdoing Tied to China CO2 Credits — Luxembourg authorities are looking into possible wrongdoing tied to carbon-credit projects based in China that have been tapped by European companies to reduce their CO2 footprints.
- China Says Trade Talks With US in Sweden Deepened Mutual Trust — Talks between Chinese and US negotiators this week in Sweden have strengthened trust between the two sides and boosted confidence in resolving economic disputes via discussions.
- CDC Weighs Travel Notice for China as Chikungunya Cases Rise — China has recorded nearly 5,000 cases of the mosquito-borne illness since one infection was found in early July.
Reuters
- Top China polysilicon firms plan to shut a third of production capacity, set OPEC-style output quotas, GCL says — The plan is one of the strongest signals yet that the heightened rhetoric against overcapacity rolled out by the government this month is translating into action.
- China Galaxy, CICC plan over $1 billion investment funds in Southeast Asia — The fund will target high-growth sectors such as healthcare, AI, advanced manufacturing, renewable energy and consumer, offering investors exposure to emerging opportunities across both China and Southeast Asia.
- EU energy policy trapped between US gas and Chinese green tech — The rapid growth in renewables comes with its own dependency risks, however, as the green energy supply chain is dominated by Chinese technology.
Other Publications
- CFR: China’s New Intervention Rule — The daily fix, which in theory sets the midpoint for the day’s trading, now seems to set the strong side of the band.
- Foreign Policy: China Has Picked Its New Model Entrepreneurs — A recent meeting shows the message that Xi wants to send to private industry.
- The Washington Post: China is betting on a real-world use of AI to challenge U.S. control — Vying to control the future of artificial intelligence, Beijing is pushing the application of AI while the U.S. focuses on developing cutting-edge models.
- AP: Chinese researchers suggest lasers and sabotage to counter Musk’s Starlink satellites — Chinese researchers believe that Starlink poses a high risk to the Chinese government and its strategic interests.
- The Economist: China has top-flight AI models. But it is struggling to run them — Trump’s U-turn on chip-export controls could be a boon.
