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 Officials Urge Firms to Shun Nvidia AI Chip — Trade war between Washington and Beijing further ensnares America’s most valuable company.
- Huawei Unveils AI Chip Pipeline as Tech Rivalry Heats Up — The Chinese company plans to release the first of the new chips as soon as next year.
- China Hardens Military Stance Against U.S. With Nuclear Weapons and Tough Talk — Xi positions Beijing as powerful center of new global order as security forum convenes in capital.
The Financial Times
- Top Tories call for probe into dropping of China spying case — ‘Overwhelming parliamentary and public interest’ in an inquiry, Commons committee chairs told.
- China drops Google antitrust probe during U.S. trade talks — Beijing regulator’s investigation had centred Android operating system’s dominance.
- Trump tariffs could fund bailout for U.S. farmers, says agriculture secretary — Brooke Rollins says a package to offset rising costs for growers could be announced ‘soon.’
- China’s flying car start-ups take their case to the skies — EHang gains first approval to operate tourist flights as sector tries to prove commercial viability.
The New York Times
- Russia, China and Iran Use Kirk’s Murder to Stoke Conspiracy Theories and Division — State media and online trolls have seized on the assassination to score geopolitical points against the United States, according to a new report.
- How China Is Losing Its Title as the World’s Sneaker Factory — For American manufacturers, it is hard to quit China and its unrivaled factories. One industry is defying that reality as it shifts more production to Vietnam.
- What Will China’s Green-Tech Ambitions Cost the World? — Laos is just one of the emerging markets where China’s green-tech revolution is installing more than cheap energy.
- How China Became a Wedge Between Two South Pacific Neighbors — A standoff between New Zealand and the Cook Islands reflects an urgent question in the Pacific: Is China a threat or a partner for growth?
Caixin
- Hong Kong Launches Financing Facility to Drive Yuan Use in Business — New program taps currency swap line with China’s central bank to stabilize liquidity, cut costs and cement city’s role as top offshore yuan hub.
- China Doubles Down on Policy Drive to Boost Service Spending — Beijing’s latest policy blitz targets domestic services and inbound tourism as foreign visitor spending lags global norms.
- Hybrids Fall Out of Pole Position as Pure EV Sales Growth Accelerates — Sales of pure EVs spiked 46% in the first eight months in China, compared with hybrids’ 22% expansion.
South China Morning Post
- China’s job market woes deepen as youth unemployment hits record since 2023 — The youth jobless rate surged to 18.9 per cent in August – the highest level since Beijing changed the way it calculates the metric in 2023.
- The U.S. restricts trade from China’s Xinjiang. So why are imports up 265%? — The huge jump in shipments comes despite Washington’s targeting of the region over allegations of human rights abuses.
- Huawei bypasses Nvidia AI chips in touting key breakthrough for China — U.S.-sanctioned Huawei is playing a leading role in finding solutions that can empower China’s AI ambitions without relying on foreign tech.
Nikkei Asia
- Taiwan chipmakers struggle to curtail tech leaks to China — Industrial espionage investigations up 31% as Beijing bolsters companies at home.
- China’s shrinking appetite for oil and grains turns traders bearish — Futures prices sink on Beijing’s EV push, trade tensions and lower consumption.
- China youth unemployment nears 19% as new grads struggle — August data shows economy’s lack of capacity to handle surge in educated workers.
- China’s Yadea to take on Honda in Japanese two-wheeler market — So-called BYD of motorbikes will offer vehicles with ranges of 60km at 30% lower prices.
Bloomberg
- GE Healthcare Is Said to Explore Selling Stake in China Business — The U.S. medical technology company has been working with advisers to evaluate options for the business, sources said.
- Yuan’s Strength May Spur China Firms to Sell Billions of Dollars — A stronger yuan may boost foreign interest in Chinese assets and raise domestic purchasing power.
- China Banks Amped Up $10 Trillion Bond Bet Just as Market Peaked — Just as China’s long bull run for bonds is fading, the nation’s banks have loaded up on government debt at the fastest pace since 2019.
- American Farmers Are Feeling the Pain of Trump’s Policies — U.S. agricultural communities that had expected Trump to have their backs have found themselves flung into a second trade war. If the situation continues, it could put loyalties at risk.
- China’s Showcase of AI Chip Prowess Triggers $240 Billion Rally — 2025 is shaping up to be an inflection point in China’s years-long effort to develop homegrown chips in the face of U.S. sanctions.
Reuters
- Nvidia CEO Huang caught between U.S., China’s ‘larger agendas’ — The tech giant is trying to navigate the tricky politics of the U.S.-China trade war.
Other Publications
- POLITICO: GOP microchip move draws White House opposition to defense measure — The Trump administration’s David Sacks is vying to squeeze out provisions they fear could hinder the ability for U.S. chip companies to sell freely.
- Nature: Secrets of DeepSeek AI Model Revealed in Landmark Paper — The first peer-reviewed study of the DeepSeek AI model shows how a Chinese start-up firm made the market-shaking LLM for $300,000.
- The Economist: China’s future rests on 200m precarious workers — They may work in factories or for delivery apps, but are united by common struggles.
- CSIS: Competing with China’s Public R&D Model: Lessons and Risks for U.S. Innovation Strategy — The United States now confronts the most serious challenge to its innovation leadership since World War II.
