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
- Ford, China’s BYD in Talks for Hybrid-Vehicle Batteries After EV Market Flames Out — A deal, if completed, would likely involve Ford buying BYD batteries for its factories outside the U.S.
- Basketball’s Game-Fixing Scandal Now Includes 17 U.S. Colleges—and China’s Pro League — Federal prosecutors say more than three dozen players were recruited to throw games for the purposes of gambling.
The Financial Times
- Opinion: Trump is making the world fall in love with China — Countries that once saw American success as their own now view the US as an adversary and Beijing as a model. By Ivan Krastev.
- Chinese asset manager hits Rmb1tn ETF milestone as ‘national team’ supports stocks — Beijing has been promoting the funds as a way to boost the market during turbulence.
- Canada and China slash tariffs as they mend ties after years of dispute — Countries agree to lift trade barriers on the first visit to Beijing by a Canadian prime minister in almost a decade.
The New York Times
- Canada Breaks With U.S. to Slash Tariffs on Some Chinese Electric Vehicles — China will in turn cut its own tariffs on Canadian canola products, Prime Minister Mark Carney of Canada said in Beijing on Friday.
- Taiwan Reaches Trade Deal With Trump and Pledges More U.S. Chip Factories — The Trump administration agreed to lower tariffs on Taiwanese goods, while Taiwan said it would invest more in U.S. manufacturing.
Caixin
- Philippines Waives Visas for Chinese Travelers to Boost Tourism — The Philippines began allowing Chinese citizens visa-free entry for up to 14 days starting Friday, joining Southeast Asian neighbors in a bid to woo back the region’s biggest spenders.
- China Tasks NEV-Makers With Battery Recycling as Huge Waste Pile Looms — Under the new regulation, released on Friday and set to take effect on Apr. 1, NEV manufacturers are required to establish recycling service outlets.
- Chinese Shipbuilder Hengli to Invest $1.9 Billion to Beef Up Capacity — Under the project located in the northeastern coastal city of Dalian, Hengli will allocate roughly 10 billion yuan for a green and smart high-end vessel manufacturing plant.
South China Morning Post
- Why is China’s Xi Jinping putting the political heat back on illegal villas and resorts? — Xi highlights the luxury developments as proof of the need to promote sustainability and combat graft.
- China’s Zhejiang targets 3- to 7-nanometre AI chip breakthroughs to counter US chokehold — Province’s five-year plan backs national push for tech independence – but can it succeed?
- TSMC buys up land in Arizona as Taiwan pledges US$500 billion US tech investment — Chip giant TSMC plans to build a ‘gigafab cluster’ in the US, with Taiwan committing to US$500 billion investment under a new trade deal.
Nikkei Asia
- China leads world in robotics and other physical AI patents: analysis — US companies close 2nd in emerging artificial intelligence race, South Korea distant 3rd.
- China, Canada signal thaw as Xi seeks ‘new type’ of partnership with Carney — Two sides reset relationship with cooperation pacts as US tensions simmer.
- Moore Threads and peers bring China AI chip independence closer — Report predicts Nvidia’s share plunging to 8% in 2026 as local tech makes strides.
Bloomberg
- Metals Sink as China Exchange Told to Rip Out High-Speed Servers — News of a Chinese clampdown on high-frequency trading cooled sentiment after frenzied activity in mainland futures that fueled global price gains.
- China’s $1.2 Trillion Windfall Quietly Seeps Into Global Markets — The shift in China’s foreign assets from the central bank to the private sector is ushering in a new era of global capital flows.
- Opinion: China Need Not Fear the New American Oil Order — Diplomatic actions may change leaders, but they rarely alter the underlying relationships between oil producers and their customers. By Karishma Vaswani and David Fickling.
Reuters
- China and Russia in talks after halt to power supplies — Newspaper links the pause to relatively high Russian power prices.
- Rio Tinto-Glencore merger may need asset sales to win over China — Rio Tinto had been exploring asset-for-equity swap with China’s Chinalco before Glencore talks announced.
- Porsche sales slide on weak China demand — Porsche’s China sales drop 26% in tough luxury market.
- Japan protests against Chinese resource development in East China Sea — China has initiated construction of a new natural resource development structure in the East China Sea between China and Japan.
Other Publications
- The Washington Post: China senses opportunity as U.S. targets Iran and Venezuela — China is trying to position itself as a stabilizing force amid U.S. actions on Venezuela and Iran — but its commitment to allies is largely pragmatic, analysts say.
- Time: One Year Into Trump 2.0, Global Survey Shows More People See China Rising — The survey found that most respondents in almost all 21 participating countries believed that China will have more global influence over the next decade.
- AP: Survey says slowing economy is the No. 1 worry for US businesses in China, not trade friction — Many U.S. companies have businesses focused on China’s huge market of about 1.4 billion people that do not rely on exports back to the U.S.
- Defense News: How tiny Singapore ties China and Taiwan in training for war — China’s People’s Liberation Army and Taiwan’s armed forces are getting tips from Singapore’s relatively advanced armed forces but, more so, long-standing political ties with a mutually trusted third country.
