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.
Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here.
The Wall Street Journal
- Chinese Hackers Used Anthropic’s AI to Automate Cyberattacks — The use of AI automation in hacks is a growing trend that gives hackers additional scale and speed.
- Amazon and Microsoft Back Effort That Would Restrict Nvidia’s Exports to China — Legislation would give tech leaders preferential access to chips.
- How American and Chinese Drone Arsenals Stack Up — A head-to-head comparison of unmanned aircraft shows the global rivals in a close race.
- China-U.S. Robotaxi Race Kicks off in U.K. — Whoever takes the lead in London may get a head start rolling out robotaxis elsewhere.
- China Registers Worst Investment Decline in Years as Slowdown Continues — Consumption also slowed, with retail sales on their longest run of decelerating growth since 2021.
- Country Garden Unveils Plan to Reduce Debt — The developer has faced severe financial difficulties due to a prolonged slump in the Chinese property sector.
The Financial Times
- China’s secretive gold purchases help fuel record rally — Growing amount of unreported transactions presents challenge for bullion market traders.
- China house prices decline by most in a year — Weak property market and deepening investment woes point to flagging economic momentum.
- Xi’s military purge raises doubts about China’s war readiness — Analysts link removal of top commanders to change in People’s Liberation Army operations near Taiwan.
- China investment falls by most since the pandemic — Weak housing prices and slowing industrial output point to flagging economic momentum.
The New York Times
- U.S. Officials Raise Concerns About Saudi Arabia’s Bid for F-35 Jets — A Pentagon intelligence report says China could try to acquire advanced F-35 technology in Saudi Arabia if the Trump administration sells jets to the kingdom.
- Anthropic Says Chinese Hackers Used Its A.I. in Online Attack — The company claimed that A.I. did most of the hacking with limited human input and said it was a rapid escalation of the technology’s use in cybercrime.
Caixin
- China’s Credit Growth Slows in October as Borrowing Demand Falters — New loans and total financing plunge well below expectations, raising pressure on the central bank to deliver fresh monetary easing.
- China’s Securities Chief Makes Global Pitch in Paris, Rio — Wu Qing meets French and Brazilian regulators, global investors to deepen ties and tout capital market reforms.
- China’s Wind-Turbine Makers Face Local Market Challenges Overseas, Executive Says — Even with their export booming, Chinese manufacturers are running into obstacles like stricter technical standards and higher demand for localization.
South China Morning Post
- PLA heads have rolled but China’s hunt for corrupt military officials isn’t over — The fight against graft in the armed forces is set to become one of the national priorities for the next five years.
- ‘Compliance maze’: EU scrutiny of Huawei, ZTE, Shein ups stakes for China firms — Firms operating in EU may face regulatory costs, political risk, supply-chain exposure, analysts say, as contingency plans may be in works.
Nikkei Asia
- U.S.-Malaysia trade pact’s ‘poison pill’ targeting China sparks backlash — Opposition lawmaker calls terms imposed by Washington a ‘surrender.’
- Chinese scientist pleads guilty in U.S. smuggling case and will be quickly deported — Yunqing Jian accused of conspiring with boyfriend to nurse toxic fungus at campus lab.
Bloomberg
- Ex-MI6 Chief Sees ‘Way Through’ for Chinese Embassy in London — His assessment is significant as it may signal that Starmer’s government wouldn’t be putting itself at odds with the security services if it were to back the embassy.
- China’s Economy Falters With Growth Hurt by Investment Slump — The world’s second-largest economy is losing further momentum at the start of the final quarter.
- China’s SMIC Expects Memory Shortage to Hit Cars, Phones in 2026 — Chinese companies are getting more cautious about placing orders with SMIC for early next year because they’re uncertain about securing enough of the memory they need for products, co-CEO says.
Reuters
- Exclusive: Nexperia customers in talks over workaround to skirt Europe-China chip feud, sources say — The workaround approach treats Nexperia almost as two separate production and packaging companies.
- Germany rethinks China policy as trade squeeze exposes vulnerabilities — Germany has felt particularly vulnerable towards its largest trading partner this year.
- China plays up image of reliable partner as foreign monarchs visit — Chinese media depicts the visits as the outcome of friendly coexistence and a signal to other nations that China is trustworthy.
Other Publications
- The Economist: China’s creepiest export surge — Countries are queuing to buy the tools and techniques of the CCP’s security state.
- The Washington Post: China’s new aircraft supercarrier challenges U.S. dominance in Pacific — The Fujian and its strike group represent a strategic game changer that will bring Beijing closer to its goal of eroding U.S. maritime primacy in its backyard.
- Foreign Affairs: The End of China’s Old Guard — Why Party Elders Can’t Save the Country From Xi.
- Foreign Policy: American Automakers Need Chinese Batteries — High political walls are hurting an industry vital to the character of the country.
