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
- Canada’s Move to Import Cheap Chinese EVs Is ‘Slippery Slope,’ GM CEO Says — Thousands of electric vehicles from Chinese automakers can enter Canada this year at new low tariff rate.
- China Approves Purchases of Nvidia’s H200 Chip, Easing Tension With U.S. — Beijing gives green light to Alibaba and others but keeps limits.
- The Deflation Doom Loop Trapping China’s Economy — Exports drive growth while race-to-the-bottom competition from overproduction hits prices, profits, wages and sales.
- China Vanke Avoids Immediate Default With More Bond Repayment Deferrals — Bondholders of two yuan bonds voted in favor of a revised extension plan.
The Financial Times
- UK energy company urges Starmer to ‘embrace’ Chinese technology — Octopus chief adds to debate over critical sector as PM embarks on first trip to Beijing by a British leader since 2018.
- Top UK universities increase reliance on China for overseas recruitment — Data shows that two in five overseas students at Russell Group institutions last year were from China.
- Starmer insists he will take ‘pragmatic’ approach during Beijing trip — Four-day visit to China overshadowed by concerns about human rights and spy threats.
- Xi’s purge of top general sends China’s military into uncharted waters — Zhang Youxia’s downfall raises questions about PLA’s readiness for conflict over Taiwan.
- Who’s been buying all the gold? — Because it doesn’t look like it’s the central banks.
The New York Times
- How the Online SAT May be Vulnerable to Cheating — Sites in China are selling test questions, and online forums offer software that can bypass test protections, according to tutors and testing experts raising alarms.
- Opinion: Trump’s China Policy Is Incoherent. That May Be the Point. — Keeping Beijing off balance has advantages, but Trump may just be playing for short-term political gain. By Kurt Campbell.
Caixin
- China Sets Stricter Entry Rules to Rein In Rushed Car Launches — New standards aim to curb compressed development cycles that regulators say threaten product safety.
- Porsche Refines China Strategy as Sales Halve in Shifting Auto Market — As Chinese rivals lead with tech and pricing, the German carmaker leans on smart features, hybrids and local R&D to reset its footing.
- Goldman Sees More Than $500 Billion Flow Into Chinese Stocks in 2026 — Households and insurers expected to lead domestic inflows amid earnings growth.
South China Morning Post
- China crushes rumours of after-school tutoring comeback with huge fine — Speculation was growing that Beijing would relax a ban on for-profit tutoring to boost the economy. Then a firm was hit with a $9.7 million penalty.
- The U.S. is working on cheaper munitions. Should China follow its lead? — China’s massive industrial chain and ability to control production costs are clear advantages over the U.S., article says.
- As World Cup boosts merch demand, China’s small-goods capital Yiwu stays wary — China sees a spike in orders from across the globe for footy-themed flags, scarves and wristbands but overall economic outlook is still weak.
Nikkei Asia
- Inside Japan’s long battle to ‘de-Chinafy’ its rare earth supply chain — Stung by Beijing’s 2010 ban, government and companies are pursuing other solutions.
- China buys gold, sells Treasurys as investment options narrow — Beijing’s holdings of the precious metal may be far higher than disclosed.
- Chery’s South Africa deal highlights global push as it ditches Russia — Chinese state carmaker eyes UK, targets advanced and middle-income markets.
Bloomberg
- Babies Are Getting Sick From Formula That Mimics Mother’s Milk — A widening recall focused on a Chinese supplier shows that as the infant food gets more nutritionally complex, the systems designed to keep it safe are struggling to keep pace.
- Diplomats Worry Xi’s Purge Will Curb Critical Contact With China — The effect of the latest purge would make Chinese military officials and diplomats even more wary of speaking to Western counterparts for fear of facing a similar fate, officials said.
- BYD Weighs India Expansion as Hundreds of Car Orders Pile Up — Strong demand is prompting the automaker to reassess ways to bring more cars in the country, sources said.
Reuters
- A year into Trump presidency, ‘pivot to China’ gathers pace — While Trump’s policies have strained ties with traditional U.S. allies, China has turned its focus to fostering ties with key partners.
- Scandal tests Peru’s China ties as U.S. scrutiny intensifies — The controversy has coincided with a stepped-up U.S. influence campaign in the region aimed at curtailing China’s deep ties in Latin America.
Other Publications
- The Economist: Behind China’s race to build aircraft-carriers — It will soon have more carriers in the Pacific than America.
- Foreign Affairs: China’s Economic Statecraft Is Working — Why Beijing can succeed even with an imperfect strategy.
- Brookings: How is China positioning itself as Iran’s regime teeters? — China has considerable interests in Iran, but those interests are not existential or even critical.
