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’s Economy Shows Signs of Slowing, Raising Pressure on Beijing — Broad-based slowdown boosts the case for more stimulus as trade war bites.
- Canada PM Carney Aims to Resolve Canola Row With China — Officials will advance a “constructive dialogue” with their Chinese counterparts while supporting domestic canola producers.
- Opinion: Are We Going to Scarborough Shoal? — China harasses a U.S. ally after its President says he’d back Taiwan. By The Editorial Board.
The Financial Times
- China’s economy loses momentum as trade pressures weigh — Industrial production and retail sales expand by slowest pace this year as policymakers battle threat of deflation.
- China cracks down on foreign companies stockpiling rare earths — Beijing determined to retain leverage over supply by preventing buyers from building large inventories.
The New York Times
- China’s Economy Slows Broadly Even as Exports Keep Rising — Officials blamed U.S. “protectionism” for the dismal July data, but growth was likely held back by real estate and new policies aimed at slowing factory investments.
Caixin
- Chinese Veteran Investment Banker Taken Away by Graft-Busters — Ding Wei was taken by authorities in July — no official reason has been given.
- Hong Kong Court Freezes $24 Million in U.S. Assets Tied to Ex-Evergrande CEO — Wife of Xia Haijun added as eighth defendant in litigation to recover assets of collapsed property giant.
- BOE Faces U.S. Export Threat After Ruling in Samsung Trade Secret Case — Chinese tech group to appeal ITC ruling in OLED display panel case.
- Hong Kong Regulators Issue Warning to Cool Stablecoin Frenzy — Rare joint statement from SFC and HKMA over risks of irrational investment behavior.
- Opinion: China’s New Law for Private Business Needs Judicial Teeth — The introduction of judicial interpretations is of great significance for the protection of the legal and compliant conduct of private enterprises. By Zhou Chunsheng.
South China Morning Post
- US court to dismiss suit against Texas law to limit Chinese property rights — Law set to take effect next month challenged as discriminatory, unconstitutional.
- How China clothed the world with a gigatonne of fabric in 2 generations — Researchers say study can help inform policy and identify opportunities to recycle as fashion industry faces environmental challenges.
- China’s Tsinghua University helps to break 40-year-old maths cap on computer speed — Award-winning advance increases network performance, that could mean faster response times for drone navigation, telecoms, disaster evacuation.
Nikkei Asia
- Nearly 70% of Iran oil tankers faked travel routes — Ships dodge US sanctions to transport crude, apparently to China.
- China-built ships avoid US routes as upcoming port fees roil trade — Drewry estimates such vessels may make just 5% of American calls by October.
- Opinion: Russia’s shrinking navy reveals its growing strategic dependence on China — Beijing is outpacing Moscow militarily, economically and strategically. By Hao Nan.
Bloomberg
- China Is Run by Engineers, and the US by Too Many Lawyers — America is too good at making rules, and could learn from Beijing’s laser focus on technical innovation.
Reuters
- China’s new home prices fall again but declines ease in major cities — China’s property market has been stuck in a severe slump for more than four years, with declining prices, sales, new investment and construction starts weighing on economic growth.
- Robots race, play football, crash and collapse at China’s ‘robot Olympics’ — Teams came from countries including the United States, Germany and Brazil, with 192 representing universities and 88 from private enterprises.
- Taiwan tells its people to spurn China’s ‘distorted’ war anniversary events — China, which views democratic Taiwan as its own territory, has invited Taiwanese veterans who fought against Japan to the parade next month which will be overseen by Xi Jinping.
Other Publications
- Foreign Affairs: China Is Enjoying Trump 2.0 — How the Trade War Is Helping Beijing Prepare for Long-Term Competition.
- The Atlantic: Trump Wants a China Deal That Benefits Him, Not the U.S. — After giving ground on AI chips, what other concessions will the president make?
- The Economist: America’s new plan to fight a war with China — Readying for a rumble in the jungle.
- CSIS: Bullying Triggers Protests and Crackdown in China — In China, most protests are quickly censored, so when an act of collective dissent breaches the “Great Firewall,” it opens a rare window to examine tensions between state and society in China.
- Rest of World: China falls back on gasoline to drive its global EV conquest — Mainland EV makers are shifting from pure-electric to plug-in hybrid engines.
- MIT Technology Review: Taiwan’s “silicon shield” could be weakening — Semiconductor powerhouse TSMC is under increasing pressure to expand abroad and play a security role for the island. Those two roles could be in tension.
