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 Property Stocks Power Up as Traders Bet on Stimulus — The Hang Seng Mainland Properties Index was up 4.4% by midday.
- Dongfeng Motor Plans to List EV Unit, Privatize Rest of Business — Analysts said that a potential merger would align with the industry trend of optimizing resources and be positive for Dongfeng.
- The Test That Rules Chinese Society — The gaokao is China’s college entrance exam, but it shapes the country and its people far beyond the classroom.
The Financial Times
- Evergrande delisting marks end of era for China’s property sector — Real estate developer ejected from Hong Kong stock exchange after spectacular rise and fall.
- Trade war deepens decline in China’s economic powerhouse province — US tariffs have exacerbated a slowdown in Guangdong, a region crucial to Beijing.
- China refuses to explain ‘greyed out’ parts of London embassy plan — Representatives dismiss UK’s request for further information as not ‘necessary or appropriate’.
- Opinion: China’s triple stock markets are too much of a good thing — An ever-expanding cast undermines confidence in exchanges’ longevity. By Lex.
- Opinion: China has laid a rare earths trap for the west — The American military and Europe’s green transition both rely on critical minerals from Beijing. By Gideon Rachman.
The New York Times
- How China Influences Elections in America’s Biggest City — The Chinese consulate in Manhattan has mobilized community groups to defeat candidates who don’t fall in line with the authoritarian state.
- Inside Our Investigation of China’s Influence Campaigns — Reporters across The Times spent months working to understand the ways the Chinese government wields its influence in New York politics.
- 5 Years On, China’s Property Crisis Has No End in Sight — The government had set out to slow speculation, kicking off a slowdown in real estate values that is still grinding on with wide economic consequences.
- China Evergrande Delisted From Hong Kong Stock Exchange — China Evergrande, delisted from the Hong Kong Stock Exchange on Monday, leaves behind a giant pile of debt and a long line of desperate creditors.
- China’s Tropical Resort Island Orders Evacuations as Typhoon Kajiki Nears — Officials on Hainan Island, China’s only tropical beach destination, halted public transportation. Businesses were closed in Sanya, a popular resort city on the island.
- Collapse of Bridge Under Construction in China Leaves 12 Dead — A section of the railway bridge, under construction in the country’s northwest, plunged into the Yellow River early on Friday.
- Where U.S. Medicines Are Made and How Trump’s Tariffs Could Affect Them — President Trump’s planned pharmaceutical tariffs threaten to hit many of the most common and well-known drugs that Americans take.
- Trump’s Tariffs Become a Wild Card for Board Game Makers — Trade war uncertainty is forcing board and card game publishers in the United States to make tough decisions, putting the future of the industry in jeopardy.
- Hong Kong Denies Visa Renewal for Senior Bloomberg Journalist — The unexplained decision raises new concerns about the erosion of press freedom in a city transformed by Beijing’s national security law.
- Trump Signals Fourth Delay of TikTok Ban — The short-form video app has until mid-September to change its ownership structure or face a ban in the United States, after a number of deadline extensions from President Trump.
- Nvidia Is Making a New Chip for China Amid Debate on AI Exports — Jensen Huang, Nvidia’s chief executive, said he plans to ask the Trump administration’s permission to sell a more powerful chip to Chinese companies.
- As South Korea’s Leader Meets With Trump, China Looms Large — Washington’s increasing focus on Beijing is straining the decades-old alliance between South Korea and the United States.
Caixin
- China’s Top Securities Regulator Reshuffles Key Departmental Heads — CSRC has appointed new leaders to two of its most important divisions: fund and intermediary supervision, and international affairs, sources say.
- China’s Stock Market Roars Back to Life — But Can It Outrun Economic Gravity? — The Chinese equity market needs structural reform if it is to ride a bull market.
- AI Chipmaker Cambricon Inches Closer to Becoming China’s Priciest Stock — Investor enthusiasm for domestic chip producers surges amid mounting uncertainty over the supply of Nvidia’s hardware to China.
- China Offers Brazil’s Coffee-Makers a Partial Escape From U.S. Tariffs — The Chinese government has given 183 Brazilian producers the go-ahead to export to its market.
- Tesla Taps ByteDance AI Models for China-Market Six-Seater EV Voice Assistant — Move signals Tesla’s intent to strengthen its “smart cockpit” offerings, seen as a weak spot in comparison with Chinese rivals.
South China Morning Post
- Will China’s ‘Great Green Wall’ expand to Mongolia in joint desertification fight? — Researchers from either side are discussing ‘joint construction’ of ecological security barrier as climate change worsens desertification.
- How US nuclear sanctions on China backfired — Washington’s strict blacklist rule amid national security concerns has forced Beijing to become self-sufficient with ‘incredible’ results.
- ‘Ignorance and neglect’ mark flawed US policy in race with China — Tsinghua University expert Da Wei looks at prospects for a Xi-Trump summit and explains why China is not ready to take the US’ place on world stage.
- Chinese ownership of US farmland no threat to American security, envoy says — Xie Feng says agriculture should not be politicised and US farmers should not pay for the trade war.
- Opinion: Why US allies are resisting China’s charm offensive on trade — Centuries of shared identity, security integration and cultural allegiance bind these nations irreversibly to the US strategic architecture. By Wenran Jiang.
Nikkei Asia
- Chinese solar makers’ losses deepen as industry vows to end price war — Producers reel from supply glut and U.S. trade curbs.
- TSMC cuts Chinese tools from cutting-edge chip production to avoid US ire — World’s top chipmaker shifts 2-nm tool sourcing as American investment accelerates.
- NATO effective in patrolling Baltic undersea cables, says commander — Eyeing Russia and China, EU mulls ways to improve security as Japan seeks cooperation.
- China’s price wars lead to free food, half-price designer bags — Companies vie for reluctant consumers in sign of rising deflationary pressure.
- Opinion: Xi Jinping’s visit to Tibet exposes China’s fragile frontier — Chinese leader’s attempt to overshadow the Dalai Lama’s 90th birthday reveals insecurity to the watching world. By Vijay Kranti.
Bloomberg
- Foxconn’s Recall of More Chinese Staff Tests Apple’s India Push — Apple assembly partner Foxconn has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country.
- Temu-Owner PDD Fares Better Than Feared After China Stimulus — PDD Holdings Inc. posted better-than-expected results after China’s government ramped up stimulus to galvanize consumers and offset the economic fallout from US tariffs.
- Apple Claims Ex-Employee, China’s Oppo Stole Trade Secrets — Apple accused smartphone maker Oppo of poaching a highly paid member of the Apple Watch team and encouraging him to steal trade secrets for his new job with the Chinese firm.
- China Defense Earnings Face Reality Check Amid Market Hype, Global Ambitions — This rally in defense stocks risks losing steam as early earnings for the sector look lackluster, deflating excitement that’s building over next month’s “Victory Day” parade.
- Opinion: Why the Russia-India-China Reboot Won’t Last — Trump’s trade war is pushing the three closer together, but trust issues run deep. By Karishma Vaswani.
Reuters
- China’s new mega dam triggers fears of water war in India — Delhi estimates the Chinese dam will allow Beijing to divert as much as 40 billion cubic meters of water, or just over a third of what is received annually at a key border point, according to sources.
- Taiwan, China battle it out in competing World War Two narratives — The sides disagree about historical narrative and who should claim credit for victory over the Japanese.
- Beyond the ‘bling’, China aims for deterrence in military show — Among the more eye-catching aircraft, hypersonic missiles and undersea drones, will be equipment such as battlefield sensors on tanks, advanced early warning and targeting radars and air defence lasers.
Other Publications
- Foreign Policy: Why the Global South Won’t Give Up on China — The United States is pressuring developing countries to make a binary choice without making itself a better choice.
- Rest of World: How Africa’s e-commerce giant is fighting off Shein and Temu — Jumia is capitalizing on the U.S.-China trade war as Chinese vendors are exploring new avenues to route their products into markets such as Nigeria and Côte d’Ivoire.
