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 Pressed EU for Tariffs on China, India in Russia Sanctions Talks — President demanded substantial tariffs on some Chinese and Indian goods to put pressure on Russia over war in Ukraine.
- China’s Deflationary Woes Continue Unabated — The country’s consumer-price index fell 0.4% from a year earlier last month after coming in flat in July.
The Financial Times
- Chinese government bond yields rise to 2025 high — Investors bet world’s second-largest economy can move past deflationary pressures.
- China slips back into deflation as economy shows signs of cooling — Beijing has tried to rein in industrial overproduction and boost spending to combat falling prices.
- Trump tells EU to hit China and India with 100% tariffs to pressure Putin — US president makes extraordinary demand in bid to force Russia to end invasion of Ukraine.
- Opinion: China’s car wars take their toll on BYD — Beijing has called time on a bruising prices battle the EV maker was arguably leading. By Lex.
The New York Times
- German Carmakers, Hit by Chinese Rivals and Tariffs, Stage a Comeback — The spotlight at the Munich auto show this year is swinging back to BMW, Mercedes and Volkswagen after previously focusing on Chinese automakers.
- Trump Weighs Crackdown on Medicines From China — Behind the scenes, major pharmaceutical companies and Trump-tied billionaires are furiously lobbying in opposite directions over proposed anti-China measures.
- United Arab Emirates Joins U.S. and China in Giving Away A.I. Technology — The Persian Gulf nation has “open sourced” technology meant to compete with OpenAI and China’s DeepSeek.
Caixin
- Budget Retailer Miniso Bets on Homegrown IP to Fuel Global Expansion — Chinese lifestyle brand takes on Pop Mart in global toy wars with new characters, overseas push.
- Chinese Medical-Device Makers Declare Bankruptcy After Winning Bulk-Buying Bids — The cases are the first of their kind and underscore the intense financial pressure of China’s cost-cutting procurement program.
- China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War — Top platforms have been summoned for talks and secured public pledges to rein in “malicious subsidies” and comply with the law.
South China Morning Post
- Can China’s AI-powered surgical robots cut wait times for operations? — Automated ‘third hand’ for surgeons hailed as helping in routine tasks like retracting tissues, picking up gauze and clipping blood vessels.
- EU to tighten sanctions as von der Leyen warns on China and defends ties with US — Embattled chief urges bloc to put ‘more pressure on Russia’ and keep making bilateral deals amid ‘crumbling’ global trading system.
- Beijing to roll out new rules on Chinese language use in ethnic integration drive — Country’s top legislative body reviews draft laws aimed at further promoting national language for ‘unified national identity’.
- China’s new Type 100 tank a shift towards ‘intelligent, uncrewed’ warfare — Military mouthpiece says the next-generation tanks and their support vehicles will ‘totally revolutionise future land battles’.
- Opinion: Why China, not Russia, will gain most from Power of Siberia 2 pipeline — The new pipeline will allow China to buy Russian gas at below-market prices and make Moscow even more dependent on Beijing. By Nikola Mikovic.
Nikkei Asia
- Beijing slams Trump’s call for EU to target China with tariffs — Government opposes ‘economic coercion’ as Wang Yi embarks on EU tour.
- China deflation worries flare as CPI falls more than expected — Earlier signs of recovery fade as food prices drop; producer pressure eases.
- Nearly half of US companies in China want Trump tariffs scrapped — AmCham report warns on trade uncertainty despite glimmers of business improvement.
- Inside Taiwan’s fight to protect its vital undersea cables — Taipei fears key communication infrastructure is vulnerable to Chinese interference.
- Opinion: US pressure on China and India over imports of Russian oil erodes trust — Trump’s tactics offer opposite effects on the biggest energy importers. By Vandana Hari.
Bloomberg
- China’s Green Tech Firms Pour Billions Into Overseas Factories — China’s world-leading solar, battery and electric vehicle companies have sharply increased foreign investment plans in recent years, pledging more than $210 billion since 2022.
- China to Set Up Nature Reserve at Disputed South China Sea Shoal — China will establish a nature reserve at a disputed shoal in the South China Sea, a step that will likely inflame tensions with Manila in the resource-rich waterway.
- Alibaba, Meituan Take China Commerce War Into Local Services — Alibaba’s and Meituan’s moves have drawn warnings from Beijing to “eliminate unfair competition and avoid malicious subsidies”.
- Opinion: China’s Car Market Is Too Big for Its Own Good — Consolidation on a similar scale last happened 100 years ago in the US. It offers a valuable lesson. By Juliana Liu.
- Opinion: China’s Marshall Plan Is Running on Batteries — Green energy projects are bringing jobs, growth and cheap electricity to the developing world. By David Fickling.
Reuters
- How united is the ‘autocratic alliance’ challenging the West? — While the gathering at China’s parade sparked concern among leaders that they were seeing an important geopolitical shift, Beijing, Moscow and Pyongyang are far from forming a cohesive bloc.
- US misses out on billions in China soybean sales midway through peak season — U.S. soybeans are about 80 to 90 cents a bushel cheaper than Brazilian soybeans, but China’s 23% tariff on U.S. shipments adds $2 a bushel to the cost for importers.
- Chinese goods redirected to Germany due to US tariffs, researchers say — The import tilt toward China could intensify price competition in Germany and squeeze margins, especially in sectors where Chinese producers enjoy a structural cost advantage.
Other Publications
- POLITICO: I Watched Globalization Fail. I’m Worried About What Comes Next. — How I changed my mind about globalization, from Moscow to Beijing.
- AP: Trump is upsetting the US allies needed to counter China — Officials say that trade will not be impacted, but analysts have watched deteriorating relationships with alarm.
- The Economist: Chinese trade is thriving despite America’s attacks — The rest of the world is willing to be “ripped off”.
