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
- Alibaba Shares Surge as It Boosts AI Bet, Rolls Out New Model — Investment plan, model release add to broader upswing in Chinese tech stocks.
- China to Stop Seeking Special WTO Treatment in Future Talks — Chinese Premier Li Qiang framed the decision as coming from “a responsible major developing country,” underscoring that Beijing continues to claim the status of a developing nation.
- Zijin Gold’s Blockbuster Listing Delayed as Typhoon Hits Hong Kong — A supertyphoon that is lashing Hong Kong with heavy rains and winds has halted a blockbuster initial public offering by the gold unit of one of China’s biggest miners.
- Jerome Cohen, the First American to Practice Law in China, Dies at 95 — An expert on China—and a sometime critic—Cohen defended companies and dissidents.
The Financial Times
- China opens way to WTO reform by ceding ‘developing country’ benefits — Move follows long-standing US objections to the practice.
- Sany’s electric trucks drive latest Chinese assault on global auto market — Rival to Caterpillar and Komatsu is investing heavily in battery swapping and driverless technology.
- Typhoon Ragasa races towards Chinese coast as death toll climbs — Storm leaves more than a dozen dead in Taiwan and Philippines and batters Hong Kong while millions are evacuated in Guangdong.
- Big banks unwind Hong Kong retreat as dealmaking booms — Lenders resume hiring in Asian financial hub while bankers return after ‘tours of duty’ in Singapore.
- Poland restores China’s main overland trade route to Europe — Warsaw had kept border crossing with Belarus shut after Russian drones entered Polish airspace.
The New York Times
- A Curator Flees Bangkok After China Deems His Art Show Too Provocative — A museum’s directors said Chinese and Thai officials pressured them to remove the names of artists whose works criticized China. The curator flew to London, fearing arrest.
- Typhoon Ragasa Slams Into China After Deaths in Taiwan and the Philippines — One million residents of Guangdong, in southern China, were evacuated before the powerful storm made landfall on Wednesday. At least 21 people have been killed along its path this week.
Caixin
- Beijing Reins In Hong Kong Crypto Rush, Tells Firms to Scale Back — After months of frenzied activity around stablecoins, Beijing is quietly reining in its institutions’ offshore crypto bets, signaling growing unease over systemic risks.
- Beijing Bets on New Policy Tool to Bolster Emerging Sector Investment — The program will channel hundreds of billions of yuan into areas such as AI through China’s three policy banks.
- Chinese Firms Investing in Latin America Advised to ‘Act Locally’ Amid Legal Risks — As investment in new energy and auto booms, Chinese companies face challenges from political shifts, complex regulations and currency volatility, a legal expert says.
- China’s Market Regulator Summons Lalamove Over Antitrust Concerns — The market leader, which holds over 63% of the country’s intracity freight market, promised immediate rectification after being warned again about its opaque algorithms and high commission fees.
- Chinese Firms’ Overseas Expansion Faces Rising Policy and Operational Risks, Report Says — Surging bankruptcies, delayed payments and policy shifts squeeze momentum from international growth push.
South China Morning Post
- China’s Wang Yi hails ‘ice-breaking’ US House delegation visit to Beijing — Foreign ministry describes talks with US bipartisan group of lawmakers as ‘candid, in-depth’ exchange of views.
- In China, Ray Dalio discusses global debt issues as Beijing seeks his counsel — With local-level debt still posing risks in China, while US borrowing accelerates, Beijing turns to the Wall Street veteran for guidance while navigating precarious financial waters.
- China’s visa-free policy boosts Beijing, Shanghai’s international influence — China’s top cities climb international rankings thanks to better access, technology and connectivity, study finds.
- What lessons can China learn from this northern city’s flood response? — Datong’s success in disaster mitigation – and Super Typhoon Ragasa – put spotlight on China’s investment in climate-resilient infrastructure.
- Opinion: Why US-China health and drugs cooperation must top Trump-Xi agenda — The years-long impasse harms both nations and the world, and the stakes in global health security could not be higher. By Yanzhong Huang.
Nikkei Asia
- Hong Kong finance chief defends market as critics warn of Beijing’s grip — Analyst cautions that city risks becoming China’s ‘financial aircraft carrier’.
- China tightens controls on skyscraper construction — China is home to nearly half of world’s high-rises, but demand is tepid.
- Japanese man who spent 6 years in China prison blames Japan spy agency — Hideji Suzuki says agency reaches out to China experts, putting them at risk.
- The real nightmare is US-China collusion, not confrontation — Trump’s penchant for spheres of influence risks global shift to rule by the strong.
- Opinion: Beijing’s greenwashing of the South China Sea — Creation of nature reserve at Scarborough Shoal is a political move. By James Borton.
Bloomberg
- China’s Surging Crude Imports from Indonesia Point to Iran Trade — China has recorded a surge in Indonesian crude imports over the past two months, highlighting an unlikely route that suggests new workarounds could be emerging for Iran’s oil exports.
- Taiwan Weaponizes Chip Sector to Deter China on World Stage — For years, Taiwan has viewed its dominance in supplying countries with cutting-edge chips as a shield from Chinese aggression. Now, officials are testing out semiconductors as a diplomatic sword.
- China’s Comac Said to Slash Delivery Targets for Its C919 Jet — China’s homegrown planemaker, has slashed delivery targets for its flagship C919 jet by two-thirds, setting back its ambitions to compete with Boeing Co. and Airbus SE.
Reuters
- They help preserve America’s dominance in the Pacific. They’re paying a painful price — The Pacific isle of Ebeye and its 10,000 people support a nearby U.S. military base that serves as a bulwark against a Chinese or Russian missile attack.
- Chinese regulator summons ByteDance, Alibaba’s platforms over content violations — Both platforms were recently penalised for content that “disrupted the online ecosystem order”, with penalties including “strict disciplinary actions against responsible personnel”.
- Opinion: China’s stock rally is a job partly well done — Beijing’s efforts to shore up Chinese stocks have been paying off. Assuming the rally endures, it could boost consumer spending and presage a healthier economy. By Ka Sing Chan.
Other Publications
- Foreign Affairs: India Doesn’t Want to Need China — But U.S. Policy Is Forcing New Delhi to Turn to Its Rival.
- The Economist: A Made-in-China plan for world domination — Donald Trump is failing to stop China’s rise as a manufacturing superpower.
- Brookings: Is China circumventing US tariffs via Mexico and Canada? — Opportunities for Chinese circumvention of U.S. tariffs are often not in breach of USMCA. For instance, incorporation of Chinese inputs into manufacturing in Mexico or Canada.
- Rest of World: Why I left Silicon Valley: Chinese tech workers talk about returning home — Chinese-origin tech workers are abandoning the American dream and returning home, where state-led incentives and ambition are plentiful.
