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 Vows to Boost Domestic Demand — Chinese officials also said they would encourage acquisitions of existing housing stock for affordable housing.
- Mexico Approves Tariffs of Up to 50% on China, Drawing Outcry From Beijing — Lawmakers pass levies targeting countries that Mexico has no trade agreement with, including China.
- China’s AI Power Play: Cheap Electricity From World’s Biggest Grid — Push for power supremacy transforms Inner Mongolia; tech leaders worry about U.S.-China ‘electron gap.’
- EU Launches In-Depth Foreign Subsidies Probe Into China’s Nuctech — The watchdog said that Nuctech might have made offers in public tenders that couldn’t be reasonably matched by its rivals.
The Financial Times
- How China racked up a $1tn trade surplus — Beijing shakes off damage caused by Trump’s trade war.
- China leads objections to Trump carve-out on global minimum tax — Beijing and several European countries hold up deal to exempt U.S. multinationals from OECD tax regime.
- Brussels raids Temu in foreign subsidy investigation — ‘Unannounced inspection’ comes as European Commission steps up efforts against Chinese online retailers.
The New York Times
- Mexico Approves 50% Tariffs on Many Chinese Imports — The tariffs will apply to goods from China and other nations. Washington has been pressuring Mexico to move away from dealing with China.
Caixin
- IMF Warns of AI ‘Tsunami’ as China Confronts High Youth Joblessness — About 40% of jobs worldwide may be affected — whether through productivity gains, role changes or displacement.
- Architect of ‘Shangri-La’ and Scion of Chieftains Is Charged in China Graft Probe — Chinese prosecutors have charged the former chairman of the Xizang Autonomous Region with bribery, marking the latest downfall of a high-ranking official.
- Chinese Chipmaker Sues Pentagon Over Military Designation — Chinese memory-chip maker Yangtze Memory Technologies Corp. (YMTC) has sued the U.S. Department of Defense.
South China Morning Post
- Should Opec worry? China joins U.S. shale oil revolution with deep fracking breakthrough — Jimsar shale oil demonstration zone in Xinjiang has reached its annual crude output goal of 1.7 million tonnes 22 days ahead of schedule.
- Beijing urges Dutch government to push for China visit by Nexperia execs — China’s Ministry of Commerce says trip by Dutch chip firm’s management should be made ‘as soon as possible’ amid heated war of words.
- U.S. commission wants more Mandarin language courses as Congress looks to curb Beijing sway — Move would deepen students’ linguistic and cultural understanding amid cuts to U.S. cultural exchange programmes to China.
Nikkei Asia
- China signals investment push next year as domestic demand falters — Beijing flags trade tension risks as it pledges further macro support.
Bloomberg
- China Officials, PDD Staff Get Into Fistfights During Audit — The altercations involved PDD staff and officials from the State Administration for Market Regulation, who were investigating reports of fraudulent deliveries.
- China Launches Massive Aerial Drone Carrier in Show of Prowess — China conducted the maiden flight of what is considered to be the world’s largest drone mothership.
- China’s Bond Yields May Drop to Record Low in 2026, SocGen Says — China’s benchmark bond yields may fall to their lowest-ever level next year as Beijing is likely to cut interest rates more than expected.
Reuters
- Exclusive: China’s ZTE may pay over $1 billion to the US over foreign bribery allegations, sources say — Allegations date back to 2018 and earlier.
- Zelenskiy says China taking steps to intensify cooperation with Russia — Zelenskiy said the steps involved shifts by Russia to give up aspects of its sovereignty to Beijing.
- China says talks with EU on electric vehicle minimum price plan resumed — China insists its manufacturers are simply more competitive than their European counterparts.
Other Publications
- Foreign Policy: Opinion: Three Lessons China Learned from the United States — America’s greatest export was never democracy or consumer culture. It was the template for global power itself. By YU JIE.
- CNBC: Nvidia responds to report that China’s DeepSeek is using its banned Blackwell AI chips — Nvidia rebutted a report that the Chinese AI startup DeepSeek has been using smuggled Blackwell chips to develop its upcoming model.
- The AP: Congress would target China with new restrictions in massive defense bill — The Trump administration may have softened its language on China to maintain a fragile truce in their trade war, but Congress is charging ahead with more restrictions.
- China Global South Project: China Releases New Policy for Latin America and the Caribbean — The Chinese government released its third policy paper on Latin America and the Caribbean on Wednesday.
