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
- Opinion: China Is Winning the Race for AI Robots — Americans who want to compete have to spend more time with regulatory lawyers than engineers. By Martin Casado and Anne Neuberger.
The Financial Times
- BYD monthly sales fall for first time since early 2024 — Chinese EV champion’s growth streak ends amid tepid domestic demand.
- China asks S&P’s mainland ratings group to ‘rectify’ operations — The industry has come under scrutiny for its low fees and high ratings.
- China curbs use of Nokia and Ericsson in telecoms networks — Beijing’s national security drive hits European groups even as Huawei maintains its business on the continent.
Caixin
- Wahaha Heiress’s Confidant Investigated for Disciplinary Violations — The probe into Yan Xuefeng, a director of Wahaha’s core operating entity, is the latest flashpoint in a deepening battle for control of the beverage giant since its founder’s death last year.
- Seazen Unit Probe Uncovers Nearly $1 Billion in Undisclosed Transfers — The internal investigation by property manager S-Enjoy Service, which found a multibillion-yuan scheme orchestrated by the COO, delayed its earnings release and triggered a trading halt in its Hong Kong-listed shares.
- China’s New Economy Industries Rise on Labor, Tech Gains — The Caixin BBD New Economy Index rose to 31.2 in September, up 1.3 points on the month.
South China Morning Post
- China eyes U.S.-Russia Arctic thaw for polar strategy possibilities — As Washington and Moscow float far north resource and shipping cooperation, Beijing navigates the region’s frigid balance of power.
- Not like their grandparents: Shanghai’s success in hi-tech farming sets example — China’s financial centre and a key manufacturing hub, city is also well on the way to meeting automated farming goals.
- Chinese healthcare, biotech firms flock to Hong Kong for IPOs — September yields at least 23 listing applications from mainland biotech firms eyeing the city’s lucrative fundraising market.
Nikkei Asia
- ‘China’s Nvidia’ Cambricon at forefront of AI stock boom — Chinese tech companies dominate list of global top performers last quarter.
- A storm of PLA purges rages on ahead of key party meeting — How will Xi Jinping maintain balance of power within Chinese military?
- Huawei tops Apple in global smartwatch share for 1st time — Chinese company’s devices prove a hit with cost-conscious consumers.
- Chinese carmakers diverge in Russia under sanctions, protectionism — While Chery withdraws, Great Wall Motor ‘doubles down.’
- Shein plans first permanent stores in France, sparking backlash — Shops to be opened inside department stores in Paris, five provincial cities.
Bloomberg
- Trump’s Signal on China Trade Talks Lifts Soybean Prices — The stakes have rarely been higher for U.S. farm families and the Republican officeholders they tend to support.
- China State Media Defends New Talent Visa, Downplays Job Worries — The domestic response to the new K visa, launched Wednesday, underscores the popular anxieties over the economy.
Reuters
- Exclusive: China, Malaysia in talks for rare earths refinery project, sources say — If the joint venture takes shape, it would represent a significant policy departure for China.
- Airbus walks political tightrope with U.S., China expansion — Airbus is set to inaugurate a second U.S. assembly line on Oct 13, followed by expansion of a similar facility in China several days later, sources said.
Other Publications
- The Economist: Wine from China is finer than Western snobs imagine — Government support and French expertise have made all the difference.
- ProPublica: Elon Musk’s SpaceX Took Money Directly From Chinese Investors, Company Insider Testifies — The newly unsealed testimony marks the first time direct Chinese investment in the company has been disclosed, raising new questions about foreign ownership interests in one of America’s most important military contractors.
