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
- The American Farmers China Is Using as a Trade-War Bargaining Chip — Weeks before the harvest, China has ordered no soybeans from the U.S.—as Beijing snubs products to gain an edge.
- Opinion: Fears of an India-China-Russia Alliance Are Overblown — Trump’s tariffs will have bad consequences, but New Delhi and Beijing are natural adversaries. By Sadanand Dhume.
The Financial Times
- German police raid AfD lawmaker’s offices in China-linked corruption probe — Maximilian Krah investigated over bribery and money laundering allegations relating to ‘payments from China’.
- Pacific islands freeze out US and China at annual summit — Host Solomon Islands excludes larger partner countries amid tensions over geopolitics and Taiwan.
- Mexico to slap 50% tariff on Chinese cars under US pressure — World’s biggest buyer of Chinese autos seeks to preserve US free trade deal.
- Opinion: Xi’s new world order won’t run the global economy just yet — China is too unreliable a source of demand to replace the US in the trading system. By Alan Beattie.
Caixin
- Cambricon Wins Approval for $559 Million Share Sale Amid Stock Frenzy — The private placement follows a more than 25-fold jump in Cambricon’s market value since its 2020 IPO.
- China’s Homegrown C909 Jet Finds New Lift in Southeast Asia With Cambodian Deal — Cambodian flag carrier inks agreement for 20 planes as Beijing pushes homegrown aircraft abroad.
- Disputed Sinovac Chairman Struggles to Retain Control Amid Multibillion-Dollar Dividend Payouts — Chiang Li and his faction are pushing for shareholders to get a cut of the vaccine-maker’s Covid-19 windfall.
South China Morning Post
- China, US defence chiefs, top diplomats talk as possible Xi-Trump meeting looms — Hours after Dong Jun and Pete Hegseth held a video call, Wang Yi and Marco Rubio dialled in.
- Nasa blocks Chinese citizens with US visas from its facilities — As race to the moon heats up, space agency spokeswoman says move is to ‘ensure the security of our work’.
- Imports from China account for more than 5 million Brazilian jobs, study says — Export-related jobs described as higher-paying, but imports’ impact deeper, report says.
- China weighs risks as social unrest rocks strategic partner Nepal — Regional instability, political upheaval test China’s Belt and Road Initiative, casting uncertainty over key infrastructure projects.
- China’s rocket force bans nearly 200 suppliers, evaluators after corruption investigation — Partnerships terminated as investigators find cases of errors, collusive bidding and forgery dating back to 2016.
Nikkei Asia
- China’s latest probe targets: senior diplomat, financial specialist — Key party meeting nears without former ‘fox hunter’ and securities regulator.
- US to debut missile system in Japan that puts China in range — Typhon Tomahawk platform to be featured in Resolute Dragon drills.
- Harsh reality of China petrochemical overcapacity drives Japanese merger — Chinese producers struggle despite exporting billions worth of materials.
Bloomberg
- China Mulls Helping Local Governments With $1 Trillion of Bills — The proposed assistance would shift more risk onto state banks that already face rising loan losses.
- Top Beijing Adviser Says China Should Ditch Nvidia For Own Tech — A top government adviser warned that Asian companies in particular risk becoming beholden to US technology.
- Opinion: How the Last Two Weeks Shook the World Order — Xi, Putin and Kim showed how closely they will work to end American dominance, and Trump played into their hands. By Hal Brands.
Reuters
- China pilots village surveillance in Solomon Islands, seeks stability — China’s “Fengqiao” monitoring model, started under Mao in the 1960s, has been reinvigorated by Chinese President Xi Jinping to ensure stability in local communities.
- Facing new China ‘grey-zone’ threat, Taiwan steps up sea cable patrols — Taiwanese authorities have connected two incidents of suspected underwater sabotage with China-linked boats this year, including one in Taiwan’s north.
- What is the Scarborough Shoal and what is China planning there? — China has approved creation of a national nature reserve at Scarborough Shoal that it says is to preserve a 3,524-hectare coral reef ecosystem.
Other Publications
- POLITICO: Farmers’ loyalty to Trump is about to be tested — As a result of President Donald Trump’s trade war with China, crop farmers have lost a significant export market, driving down the price of top U.S. crops.
- The Washington Post: U.S-China calls stoke expectations that Trump may meet Xi — Marco Rubio and Pete Hegseth, the secretaries of state and defense, spoke with their Chinese counterparts less than a week after Beijing held a muscular military parade.
- The Economist: China is ditching the dollar, fast — Officials believe that the yuan has finally come of age.
