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
- Trump Administration Seeks to Ban China From Buying U.S. Farms — Officials say adversaries’ U.S. farmland ownership can imperil national security; Beijing has dismissed concerns.
- U.S. Ports Appeal for Delay to Tariffs on Chinese Cranes — Trump administration weighs tariffs of up to 100% on ship-to-shore cranes made in China that are widely used at U.S. ports.
- China’s Downward Price Pressures Stayed Elevated in June — The producer-price index fell 3.6% from a year earlier, widening from May’s 3.3% decline.
The Financial Times
- Trump administration looks to ban Chinese groups from buying U.S. farmland — Move prompted by concerns purchases are undermining national security.
- China factory gate prices fall as U.S. trade war bites — Beijing’s deflation fears deepen as intense competition weighs on producers.
- China is building 74% of all current solar and wind projects, report says — Beijing is dominating construction of renewable energy sources, according to Global Energy Monitor.
- The Party’s Interests Come First — the political upbringing of Xi Jinping — The first biography in English of China’s president’s father highlights how even reformers bow to state ideology.
- Shein’s IPO risk factors farce — Will the FCA yield or show some backbone?
- Opinion: China’s tech groups turn to stablecoins for growth — A viable renminbi stablecoin has potential to disrupt entrenched dependence on dollar. By Lex.
- Opinion: The Hong Kong stock market’s tentative revival — City’s standing as a global financial hub still faces several hurdles. By The Editorial Board.
The New York Times
- Hundreds of Chinese Children Poisoned With Lead From Kindergarten Food — The kindergarten’s cooks used inedible pigments to decorate buns and cakes, the authorities said. Eight school officials and employees were detained.
- Agriculture Dept. to Crack Down on Chinese Ownership of American Farmland — The agriculture secretary announced a plan to limit Chinese and foreign purchases of farmland as part of its national security strategy.
Caixin
- Hong Kong Stablecoin Rules Trigger Speculation About a Yuan-Pegged Digital Currency — Digital shares soar amid speculation Hong Kong could become a sandbox for offshore renminbi stablecoins.
- E-Town Semiconductor’s Stock Nearly Triples on First Day of Trading — Beijing-based chipmaking-equipment maker raises 2.5 billion yuan in its STAR Market IPO.
- China’s Polysilicon Majors Plan to Bail Out Rest of Glut-Stricken Industry — After more than a year of collapsing prices, the largest producers of the solar cell material are banding together to absorb surplus capacity.
- Vietnam Imposes Anti-Dumping Tariffs on Chinese Steel Amid Rising U.S. Pressure — Vietnam says tariffs, affecting China’s major steel producers, will remain in place for five years.
South China Morning Post
- Brazil and China to study South American transcontinental railway project — Proposal would connect Brazil’s Atlantic Ocean coast to Peru’s Pacific port of Chancay, cutting shipping times to Asia by up to 12 days.
- China told its officials to tighten their belts. Did they go a notch too far? — Some regions have rolled out draconian austerity measures that have hit businesses hard, complicating Beijing’s drive to boost consumption.
- China’s lead in global shipbuilding may already be fading, new data suggests — Chinese shipyards saw new orders plunge 68 per cent in the first half of 2025 as the U.S. stepped up efforts to curtail their dominance.
Nikkei Asia
- Inside China’s AI rise: Youth infusion pushes country past ‘follower’ status — But tensions with U.S. still cast a cloud over overseas expansion ambitions.
- China faces austerity dilemma as dining crackdown risks economic hit — Overreactions to revised rules push officials away from standard meals.
- Japan’s rare-earth imports from China plunge to 5-year low — 72% drop in value for May follows trade curbs by Beijing.
Bloomberg
- China Wants 115,000 Nvidia Chips to Power Data Centers in the Desert — Chinese firms aim to install the chips in some three dozen data centers across the country’s western deserts, a move that would significantly boost China’s computing prowess.
- Rare Earths Processor Scales Back Output Due to Construction Delays — A plant being built in Canada was supposed to process 400 metric tons of rare earth elements annually starting in 2025. Instead, this year’s output is expected to be closer to 100 tons.
- Taiwan Holds Most Expansive Annual Drills Ever to Counter China — The Han Kuang exercises starting Wednesday will last 10 days, double the usual number.
Reuters
- How U.S. buyers of critical minerals bypass China’s export ban — The shift in trade flows underscores the scramble for critical minerals and China’s struggle to enforce its curbs as it vies with the U.S. for economic, military and technological supremacy.
- Jet fuel demand falters as Chinese curb overseas trips, U.S. policies weigh — Aviation fuel consumption has been held back largely by a decline in long-haul flights from Asia, particularly China.
Other Publications
- The Economist: How Trump’s trade deals take aim at China — To appease the world’s biggest market, countries must anger the world’s biggest trader.
- The Information: OpenAI, Investors Eye Agent Startups Led by Chinese Founders — Chinese tech founders with strong pedigrees are starting to attract attention in Silicon Valley.
- The Guardian: China’s coal heartland fighting for a greener future — Shanxi produces more coal than India. How will it survive in China’s clean energy future?
- The Atlantic: Fast Fashion’s End Has Been Greatly Exaggerated — Tariffs won’t kill the industry. In fact, they might even make waste and exploitation problems worse.
