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
- American Bankers Are Making a Mint Helping China Inc. Go Global — Bucking critics in Congress, Wall Street enjoys a ‘spectacular year’ raising money for Beijing’s champions.
- The Disrupter in Chief Gets Transformational Results at Home and Abroad — No president has ever delivered so much so quickly. But Trump’s biggest challenge lies ahead in Xi Jinping’s China.
- Fortifying America’s Pacific Front Line Is Getting Expensive and Difficult — The Pentagon is bolstering its assets in Guam with ‘latest and greatest technology’ to deter Beijing.
- Singapore’s GIC Seeks Damages From Automaker NIO in U.S. Suit — The Chinese carmaker’s Hong Kong-listed shares fell as much as 13% on Thursday.
- Bunge Soars After Trump Targets Cooking Oil Imports From China — Shares of agribusiness company are up over 12% to $92.71.
The Financial Times
- U.S. warns world will ‘decouple’ from China if it imposes new export controls — Scott Bessent says Washington will retaliate if Beijing proceeds with policy on rare earths and critical minerals.
- What we learned from the China spy case evidence — The CPS accused of taking the ‘nuclear option’ after three witness statements that it says left a hole in its case.
- Private equity groups Carlyle and Boyu lead bids for Starbucks China — U.S. coffee chain evaluating five offers as it seeks local partner to help steer it through increasingly competitive market.
- China’s passion for five-year plans — Beijing credits blueprints for development for its economic transformation.
- Inside Hong Kong’s makeshift fashion markets — Estranged from the city’s broader economic and social life, domestic workers carve out a space for themselves.
The New York Times
- With Tariff Threat and Trade Controls, China and U.S. Renew Game of Chicken — Xi Jinping’s need to project strength before a crucial meeting of Communist Party leaders may help explain why Beijing announced new rare earth controls.
- China Fans Patriotic Sentiment as Trade War With U.S. Heats Up — Chinese state media is rallying the public and posting old propaganda footage, but officials are also careful to leave room for talks with President Trump.
- The Small Company in Europe Caught in the Big Trade War Between the U.S. and China — Nexperia, a computer chip maker headquartered in the Netherlands, was taken over by the Dutch government after pressure from officials in Washington.
- China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game — Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.
- U.S. to Take Control of More Companies to Counter China — Treasury Secretary Scott Bessent said China’s dominance of rare earths calls for a more assertive American industrial policy.
- America Is Heavily Reliant on China for Raw Materials in Medicines — A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China.
Caixin
- China’s September Credit Growth Beats Forecasts, Fueled by Bond Surge — Government bonds account for rising share of new credit as Beijing tackles debt risks and funds infrastructure.
- China’s NEV Exports Soar 89% as BYD Drives Global Expansion — Boom in overseas sales helps automakers offset sluggish domestic demand amid rising trade barriers.
- China Tries to Lift Factory Prices, but Demand Is Still Missing — Upstream prices are rising under Beijing’s efforts to curb glut, but weak demand threatens any margin recovery.
- ByteDance Pulls Ahead in China’s AI Cloud Race — Company’s cloud unit claims 49.2% of the market in first half, outpacing Alibaba and Baidu.
South China Morning Post
- FCC seeks to bar Hong Kong Telecom carrier from operating in U.S. — U.S. regulatory agency moves to revoke authority of HKT International from operating there, citing national security concerns.
- ‘Extremely dangerous’: why China’s 5-year plan will double down on food security — Beijing has made huge strides in its self-sufficiency push — but trade tensions, climate risks and supply-chain shocks keep fears alive.
- With U.S.-China tensions back on the upswing, is the TikTok deal at risk? — Analyst opinion mixed on viability of deal for Chinese short video app’s U.S. ownership, with ‘everything on the table’ after recent flare-ups.
Nikkei Asia
- China-Japan ties in limbo as Xi, Takaichi mind domestic politics — As Beijing’s security purges rage on, Tokyo witnesses the collapse of the ruling coalition.
- Rare-earth ‘de-risking’ from China will be dirty and costly, analysts warn — Bessent urges U.S. and allies to diversify supply chains immediately.
- China rare earth curbs put pressure on U.S. to build domestic supply — While government buys into miners, cuts to clean-energy support risk hurting demand.
- China slowly steps in to fill foreign aid vacuum left by Trump — Beijing helps unlock places like Myanmar but ‘democratic alternative’ needed: experts.
- Microsoft aims to make most new products outside China from 2026: sources — AWS and Google also step up overseas supply chain shift.
Bloomberg
- Obscure Commodity Trader’s Breakneck Rise Puts Global Market on Edge — Even within the industry, few have heard of Radiant World. But its rapid growth has rattled the world’s iron ore market and drawn attention from China.
- Xi’s Rare Earth Shock Gives Trump a Chance to Win Over U.S. Allies — Whatever compromise unfolds, it’s unlikely China will remove a legal framework it’s been building for years.
- China Accessed Classified UK Systems for a Decade, Officials Say — The data accessed included confidential documents relating to the formulation of government policy, private communications and some diplomatic cables, sources said.
- Potentially ‘Catastrophic’ Cyber Firm Breach Blamed on China — The intruders stole files including portions of source code that are widely used by Fortune 500 companies and government agencies.
- G-7 Set to Discuss Joint Response to China Curbs on Rare Earths — The latest spat between the world’s two largest economies has rattled markets in recent days.
Reuters
- China blames U.S. for global panic over rare earths controls — The exchange risks derailing a meeting between Trump and Chinese leader Xi Jinping.
- Horse power: Renault-Geely engine unit speeds up as EV shift stutters — The joint venture aims to become the world’s top engine maker by 2035.
Other Publications
- The Washington Post: Opinion: America’s self-loathing is a losing hand — U.S. competition with China demands strength and clarity — not exhaustion and doubt. By David Feith.
- The Economist: The America v China spat reveals a dangerous dynamic — A balance of economic terror is no basis for stability.
- Rest of World: China, Taiwan, and the vulnerable web of undersea cables — Geopolitical tensions cloud big tech’s role in subsea cables.
- Foreign Policy: Racist AI Fantasies Are Spreading on China’s Internet — Anti-Black videos speak to popular prejudices.
- CSIS: Power Moves: How China’s Energy Investments Provide Durable Influence in South America — As the United States amps up its efforts to displace China from key infrastructure in the region, it seems increasingly likely that China will fall back to its power position in regional energy projects as a backstop.
- Brookings: What awaits the next Trump-Xi meeting? — Although the Chinese and U.S. leaders may not hold a separate summit in South Korea, a meeting between them within the next year still appears likely.
