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
- Trump Explores Bailout of at Least $10 Billion for U.S. Farmers — Farmers are harvesting one of the largest crops in history, while China holds off on buying U.S. soybeans.
- Delays to Trump’s U.A.E. Chips Deal Frustrate Nvidia’s Jensen Huang — The multibillion-dollar deal was announced in May, but the commerce secretary has since pushed the U.A.E. for certain U.S. investments first.
- Applied Materials Expects $710 Million Revenue Hit From New Export Rule — Company expects new export restrictions to hurt its 2026 revenue by $600 million.
The Financial Times
- China’s visa scheme for global tech workers draws backlash at home — K-visas designed to attract overseas Chinese and applicants from global south come amid weak jobs market.
- Opinion: America risks a dangerous dependence on Chinese chips — While the U.S. focuses on the cutting edge, China is stealing a march in ‘foundational’ semiconductors. By Mike Kuiken.
The New York Times
- A.I. Is Driving a Stock Market Rally in China, Too — Surging interest in artificial intelligence is generating huge gains for Chinese tech stocks like Alibaba, which has more than doubled this year.
Caixin
- India and China to Resume Direct Flights After Five-Year Suspension — Travelers will be able to fly between certain cities by the end of this month, New Delhi says.
- Hangzhou Startup Subsidy Program Fuels Grey Market of Intermediaries — Young entrepreneurs seeking grants of up to 500,000 yuan and support for costs such as office rental have been misled by agencies charging high fees to help with applications.
- Bubble-Tea Maker Mixue Moves into Beer Market — The Hong Kong-listed company will acquire a 53% stake in beer chain Fulujia.
South China Morning Post
- China’s ‘super golden week’ sees record-breaking travel on first day — With the extended break under way, records are being set for railway travel and popular tourist destinations are selling out days at a time.
- Europe hunts for chokepoints it can weaponise in a new age of economic warfare — Bureaucrats look for leverage against coercion from Beijing and Washington but what would it take for Brussels to act?
Nikkei Asia
- U.S. port fees challenge China and its shipping giant in battle for the seas — Global fleet reshuffle advances as COSCO, rivals face charges from Oct. 14.
- China stockpiling supports crude oil prices despite production increases — Beijing looks to secure supply as U.S. raises pressure on Russia, Iran.
- Haier and Hisense expand Chinese investment footprint in Thailand — FDI from China increases more than fourfold in decade, Chinese work permit holders triple.
- China’s tilt boosts regime in Myanmar’s civil war — Beijing’s drones, military technology transfer and pressure on ethnic rebels have helped the generals.
Bloomberg
- FOMO Builds as Alibaba Extends $250 Billion AI-Fueled Comeback — A share price that’s still relatively attractive and low investment levels among global funds are seen leaving room for a prolonged rally.
- Two Cables and the Hidden Subsea Battle Between U.S. and China — A high-stakes rivalry is playing out over a vast but vulnerable web of underwater cables that carry nearly all global internet traffic.
- Huawei Used TSMC, Samsung, SK Hynix Components in Top AI Chips — It’s unclear when and how Huawei obtained the Samsung and SK Hynix hardware, which both companies introduced years ago.
- China Eyes Arctic Shortcut as Top Container Lines Stay Away — Beijing has long been concerned with its vulnerability to chokepoints for seaborne oil.
Reuters
- Exclusive: China’s banks lend to Saudi gas project while its funds sit out of BlackRock-led deal, sources say — Chinese funds, some of which were given the chance to take part in the equity funding round for Jafurah, didn’t participate, sources said.
- U.S. soybean farmers, deserted by big buyer China, scramble for other importers — Tit-for-tat tariffs that Washington and Beijing imposed on each other’s goods this year have made U.S. soybeans too expensive for Chinese buyers.
Other Publications
- The Economist: China is the GOAT of engineering. Right? — Its next five-year plan must contend with a switch from manufacturing to services.
- Rest of World: China’s most infamous ghost town is now training ground for driverless trucks — The empty boulevards that once symbolized the mainland’s property bust now serve as testing grounds for hundreds of autonomous vehicles.
- WIRED: China Rolls Out Its First Talent Visa as the U.S. Retreats on H-1Bs — The Chinese government unveiled a program to woo foreign talent just as the U.S. cracked down on H-1Bs with a $100,000 fee. The move immediately provoked xenophobic backlash.
