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
- China Eases Drama Rules to Strengthen Content Supply — Drama producers, including China Literature and Damai Entertainment, are expected to directly benefit, analysts say.
- Tesla Prices New Six-Seat Model in Competitive Chinese Market — Prices for the Model Y L, will start at 339,000 yuan, equivalent to $47,182.
- Xiaomi Posts Another Strong Quarter as Car Sales, IoT Drive Growth — Beijing-based Xiaomi’s net profit more than doubled in the second quarter.
- XPeng More Than Halves Loss on Record Sales, Solid Margins — The Chinese automaker expects to deliver as many as 118,000 vehicles in the third quarter.
The Financial Times
- China and India seek to repair strained ties ahead of Modi-Xi meeting — Beijing’s foreign minister visits New Delhi as rivals ease tensions amid Donald Trump’s trade war.
- Opinion: Hong Kong’s busy bankers give its office market a lift — The mood has started to turn in the city’s financial markets. By Lex.
The New York Times
- Cases of Mosquito-Borne Chikungunya Virus Are Surging Globally: What to Know — Chikungunya, which can disable victims for years, is spreading rapidly, including in China and other places that have not seen it before.
Caixin
- China’s ‘New Three’ Exports Power Ahead, But Trade With U.S. Slumps — China sees sales squeezed by new wave of U.S, tariffs across a range of sectors.
- China’s No. 2 Chip Foundry to Absorb Chipmaking Sibling in State-Backed Consolidation — Deal seeks to eliminate business overlap and internal competition between the two companies.
South China Morning Post
- China’s exports, investments to Global South surge in ‘age of tariffs’: report — China now exports about US$1.6 trillion to the developing world – more than 50 per cent higher than to the U.S. and western Europe combined.
- Opinion: U.S. negotiators face tough task to secure trade deal with China — A more assertive Chinese negotiating team, a lack of simple solutions and serious time constraints are a challenge to advancing the talks. By Wendy Cutler.
Nikkei Asia
- Pakistan presses China for more Belt and Road investment in Gwadar — Geopolitics, lack of strong business case and security complicate issue, experts say.
- Dongfeng Motor to exit engine venture with Honda to focus on EVs — Chinese automaker puts 50% stake up for sale as earnings decline.
- AI boom, lagging China demand create chip tool maker winners and losers — Lam, KLA, Advantest flourish while Tokyo Electron, Teradyne log declines.
- Nvidia’s China prospects undimmed by Beijing’s H20 worries — Many big tech players still prefer U.S. giant’s chips over Huawei offerings.
- U.S. court tosses suit against Texas restricting Chinese property ownership — Lawyers look to appeal decision as enforcement begins Sept. 1.
Bloomberg
- Apple Expands iPhone Production in India for U.S.-Bound New Models — The company remains resolved to diversify a chunk of production away from China.
- Shein Mulls Moving Back to China to Facilitate Hong Kong IPO — A move to mainland China could be helpful in securing Chinese regulators’ approval.
- Xiaomi Declares Europe Foray in 2027 After EV Sales Gains Pace — Xiaomi has previously described ambitions to go global, though it’s never specified a target market.
- China Refiners Grab Russian Oil as Trump Menaces Flows to India — Last Friday, Trump said he would hold off on raising tariffs on Chinese goods over the country’s purchases of Russian oil.
Reuters
- China pledges to address India’s rare earth needs, Indian source says — The source said that China had promised to address three key Indian concerns: fertilizers, rare earths and tunnel boring machines.
- Exclusive: Nvidia working on new AI chip for China that outperforms the H20, sources say — The chip’s specifications are not completely finalized but Nvidia hopes to deliver samples to Chinese clients for testing as early as next month, sources said.
- China’s overcapacity crackdown faces litmus test in solar sector — Big producers plan to pool 50 billion yuan ($7 billion) to buy out the least efficient facilities and shut them down, then form a cartel to halt relentless price wars.
- Exclusive: China buys first Australian canola cargo since 2020, traders say — China has sourced nearly all of its canola from Canada in recent years, but a new tariff is expected to cut off Canadian canola from the Asian market.
Other Publications
- Foreign Policy: China Can’t Unify Its Own Markets — Local leaders are driving an economic race to the bottom.
- The Washington Post: Seven-year-old New Yorker stuck in China over father’s political art — Gao Jia, the American-born son of a well-known Chinese dissident artist, has missed first grade because his parents have been stopped from leaving China.
- Rest of World: China’s biggest delivery app brings its disruptive playbook to Brazil — Meituan’s arrival is likely to transform the delivery industry — which has already seen the unlikely partnership between rivals Uber and iFood.
- Foreign Affairs: The Real China Model — Beijing’s Enduring Formula for Wealth and Power.
- CSIS: Smart Decision or Big Shakedown? — If companies like Nvidia can buy the regulation they want from the government, then the door is open to both corruption and bad policy, writes Bill Reinsch.
