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
- Trump Meets With Xi, Declares Immediate Cut to Tariffs — U.S.-China summit offers relief to both sides while high-stakes rivalry carries on.
- Lynas Rare Earths to Closely Manage Output, Sales Amid China Uncertainty — Lynas reported a 31% rise in total sales in the three months through September.
- Remy Cointreau Cuts Outlook as Challenges in China, U.S. Persist — The group posted an organic sales drop of 11% for the second quarter.
- America Needs a Bipartisan China Strategy — Trump’s trade war isn’t working, but neither did previous administrations’ policy of accommodation. By Jeanne Shaheen.
The Financial Times
- EU to probe sale of Anglo’s nickel business to China-backed MMG — Transaction has attracted criticism from groups that say it will reinforce Beijing’s control of critical metals market.
- U.S. and China agree 1-year trade truce after Trump-Xi talks — Leaders agree to postpone export restrictions on rare earths and semiconductors after South Korea summit.
The New York Times
- Chinese Officials Heap Praise on Trump and Xi Before They Meet — President Trump and the Chinese leader Xi Jinping are being described as “irreplaceable” and “world class leaders” before a meeting seen as critical for shoring up a trade truce.
- As Trump Weighs Sale of Advanced A.I. Chips to China, Critics Sound Alarm — The president signaled he would discuss the sale of Nvidia’s Blackwell chips in a summit on Thursday, a move U.S. officials warned would be a “massive” national security mistake.
- China’s Pause on Rare Earth Controls: What to Know — China has suspended export controls announced this month, but was conspicuously silent about rules imposed earlier, which are snarling global supply chains.
- Trump and Xi Ease Off the Trade War, but New Nuclear Threat Brings a Chill — The two leaders reached an agreement on fentanyl, some tariffs and rare earths, at least for a year. But even as the global trade picture cleared a little, Mr. Trump spurred new worries about nuclear proliferation.
- How Xi Walked Away From Trump Trade Talks Looking Stronger — By withholding soybean purchases and rare-earth exports, China extracted relief from U.S. tariffs and delayed export controls, without conceding much in return.
- Opinion: Trump Lost the Trade War to China — He started a trade war that Washington has been losing, and if a truce is formalized this week, it will likely be one with China holding power. By Nicholas Kristof.
Caixin
- Brunei Adopts China’s Aircraft Certification Standards in Boost for COMAC — The Southeast Asian nation’s adoption of Chinese airworthiness standards gives COMAC’s C909 and C919 long-sought access to foreign markets.
- Chip Foundries Kick Off State-Backed Consolidation Drive — Contract chipmakers Hua Hong and SMIC announce restructurings amid a wave of M&A sweeping China’s semiconductor value chain.
- Shein Faces Backlash Over Plan for First Paris Store — The furore underscores a growing clash between the expansion strategies of Chinese e-commerce giants and European concerns over sustainability, labor rights and fair competition.
- PKU Healthcare Chief Xu Xiren Detained in Criminal Probe — The chairman was taken into custody less than a year after taking control of the troubled drugmaker, deepening uncertainty over its future.
South China Morning Post
- Shenzhen police busts syndicate selling fake Infineon, Texas Instruments chips — The demand for bogus imports reflects the tight domestic supply of foreign chips amid U.S. tech export restrictions.
- CXMT begins producing advanced LPDDR5X memory chips as China narrows tech gap — Mass production of LPDDR5X DRAM reflects the firm’s growing capabilities as it prepares for a Shanghai IPO amid intensifying competition.
Nikkei Asia
- Xi Jinping faces delicate balancing act over Trump meeting — Supreme leader looks to extend his rule but leaves personnel reshuffle incomplete.
- Starbucks lays out conditions for partial China sale — Business continues to rebound but market remains ‘competitive.’
- Toshiba scraps power semiconductor cooperation with Chinese wafer maker — Economic security considerations seen behind decision to end technology pact.
Bloomberg
- China Blows Past Record for Europe Car Sales on Hybrids, EVs — The inroads made in Europe highlight a growing mismatch in the auto trade, where cheaper battery technology gives Chinese manufacturers a competitive edge.
- Trump Says Nvidia Chip Talks With Xi Didn’t Cover Blackwell — China is the biggest market for semiconductors, and Nvidia’s products are the industrial standard for training and running large-language models.
- Chinese Financials’ Earnings Growth Set to Outpace Wider Market — Forecasts for the nation’s banks and insurance firms have been climbing steadily since August.
Reuters
- Trump-Xi confab delays full reckoning on trade — Strategic can-kicking does little to resolve trade hostilities between the world’s largest economies.
- Why Nexperia is at the center of an autos chip crisis — The fight hit the headlines over fears about technology transfer from the Dutch company to its Chinese parent Wingtech.
- China signals it will pull plug on subsidies for EVs with five-year plan exclusion — It reflects a strategic decision to allocate resources to other technologies where China seeks to enhance its capabilities.
Other Publications
- The Economist: America and China have only holstered their trade weapons — Neither country wants decoupling or confrontation — at least, not yet.
- The Information: China Fast-Tracks Tech IPOs to Counter U.S. AI Rivalry — Chinese securities regulators are speeding up IPO approvals for local startups in hopes of increasing investment in the tech sector.
- BBC: How China really spies on the UK — What truly sets China apart is that the national security threats China poses go beyond traditional notions of espionage.
- Foreign Affairs: America and China Can Have a Normal Relationship — How to Move Past Strategic Competition.
- The Atlantic: Opinion: China Is Building the Future — The United States can learn from its technological success. By Eric Schmidt and Selina Xu.
- The Free Press: Opinion: Is Trump Getting Played by Xi? — If so, America’s agrarian past may be its future. By Matt Pottinger.
