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
- China Pushes to Silence Victims of African Mining Disaster — Toxic waste from a Chinese mine in Zambia washed through homes and fields; compensation offers tied to nondisclosure.
- Chinese Auto Giant BYD Posts Fivefold Sales Surge in Europe — Registrations for Tesla fell 10.5% in Europe.
- China Vows to Significantly Boost Household Consumption Rate — Beijing also aims to achieve technological breakthroughs in semiconductors, advanced equipment over the next five years.
The Financial Times
- Will Trump push Southeast Asia towards China? — For years, Washington viewed its relationship with the region as a way to limit Beijing’s influence, but tariffs now strain the partnership.
- Opinion: How a high-end Chinese electric-car maker lost its charge — Nio’s plan to cover fixed costs by broadening its customer base threatens to erode the company’s premium image. By Lex.
- Opinion: Why China keeps winning the trade war — Beijing, Brussels and Washington are all searching for the most efficient way to gum up their adversaries’ supply chains. By Chris Miller.
The New York Times
- Trump’s China Deal May Avert a Crisis of His Own Making — The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.
- Step by Step, How China Seized Control of Critical Minerals — China’s far-reaching rules already affect manufacturers of semiconductors, cars and many other products. They will soon become much broader.
- Beyond Trade War, China’s Xi Looks to Press Trump on Taiwan — China’s leader wants to weaken American support for Taiwan. But first he will want clarity about President Trump’s stance toward the island.
- Opinion: A New Era of Strongman Rulers Has Begun — Don’t count on Xi Jinping and Donald Trump to steady the world. By Erica Frantz, Andrea Kendall-Taylor and Joseph Wright.
Caixin
- China Tightens IPO Rules to Protect Small Investors and Curb Market Manipulation — The China Securities Regulatory Commission unveils 23 new measures to reform IPO pricing, promote long-term holdings, and strengthen oversight of underwriters and investment reports.
- China Reaffirms Crypto Crackdown, Ramps Up Digital Yuan Push — People’s Bank of China vows continued enforcement on virtual currency activities, while boosting cross-border infrastructure for state-backed CBDC.
- Chinese Wind-Turbine Makers Look to Move Portion of Production to Europe — Under a hybrid model, Chinese companies would produce large components such as blades on the continent, while continuing to make tech-intensive parts at home, according to a new report.
- China to Roll Out New Policies to Ease Forex Transactions for Trade, Investment — China’s State Administration of Foreign Exchange chief Zhu Hexin says nine measures will simplify cross-border financing and expand pilot programs as Beijing pushes financial opening.
South China Morning Post
- China’s old industrial cities race to reinvent themselves in rapidly changing economy — Once China’s answer to Pittsburgh, steel hub Panzhihua faces same challenge as other old industrial cities: how to avoid ‘rust belt’ decline.
- China sees Europe as indispensable for stable multipolar world amid uncertainty: envoy — Ambassador to France Deng Li says Europeans ‘assume that since China is developing, it must also be seeking hegemony.’
- China minted a new billionaire every day last year as wealthy class swelled to a record — A record 1,434 individuals, each with a net worth of more than $700 million, have made it onto Hurun’s list of China’s richest people.
Nikkei Asia
- China deepens ties with ASEAN ahead of Xi-Trump talks — Beijing to sign enhanced trade deal with bloc at Kuala Lumpur summit.
- Chinese robotaxis, car parts supplier plot $1.8bn Hong Kong listing rush — Pony.ai, WeRide, Ningbo Joyson join parade of mainland companies raising funds in city.
- Sany Heavy Industry raises $1.7bn in Hong Kong debut — China’s largest heavy machinery maker counts Temasek, BlackRock among cornerstone investors.
Bloomberg
- Rare Earths Producers Look to U.S.-Led Boom to Blunt China’s Power — Even if a trade deal materializes, the industry is betting the world won’t want to go back to one supplier.
- China’s Profit Rebound Means Little for Bulls Fixated on Trade — Chinese corporates are likely to deliver their best earnings growth in years this results season.
Reuters
- Be wary of U.S.-China trade ‘deal’ déjà vu — The stakes are high, neither side wants to be seen backing down, and both will feel they hold the ace cards.
- Tariffs anxiety prompts U.S. importers to place spring orders early — Small importers for large U.S. retailers rushed in China-made strollers and wares meant for spring and are storing the goods in their own warehouses.
- BYD’s mini-car ambitions may be a wake-up call for Japan — BYD is set to become a rare foreign entrant in a segment that accounts for about a third of Japan’s auto sales.
- As Trump-Xi trade talks near, investors turn to history as a guide — Even if the Trump-Xi meeting does not produce a definitive end to their trade war, investors are prepared to buy into any de-escalation in tensions.
- China’s heatwaves threaten to dry up supply of delicious ‘hairy crabs’ — Hopes for a bumper harvest this year were crushed by summer temperature.
Other Publications
- The Economist: Xi Jinping’s latest purge: paranoid or purposeful? — What the biggest military crackdown in decades says about his strength.
- The Atlantic: The U.S. Is on Track to Lose a War With China — Modern warfare is decided by production capacity and technological mastery, not by individual valor.
- Los Angeles Times: Chinese robotaxi companies outnumber Waymo in global push — The Middle East is becoming ground zero for Chinese robotaxi technology.
- WIRED: China Dives in on the World’s First Wind-Powered Undersea Data Center — The $226 million project uses ocean breezes and seawater to stay cool.
