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
- How U.S. Pressured Netherlands to Oust CEO of Chinese-Owned Chip Maker — Dutch officials moved to take control of Nexperia, underscoring how U.S.-China tensions are reverberating across the tech sector.
- China, Betting It Can Win a Trade War, Is Playing Hardball With Trump — Chinese leader Xi Jinping thinks the president will fold before launching new tariffs that would roil markets.
- Chinese Criminals Made More Than $1 Billion From Those Annoying Texts — Messages seeking payment for unpaid tolls prompt victims to hand over credit-card information, which gangs use to buy gift cards and luxury goods.
- China’s Deflationary Pressures Ease Slightly — The country’s consumer-price index fell 0.3% from a year earlier.
The Financial Times
- Chinese fast-fashion retailer takes on Zara and H&M in London and New York — Urban Revivo founder highlights readiness to compete against bigger rivals as China’s consumer brands expand globally.
- China’s consumer prices fall as deflationary pressures persist — Weak data highlight challenge for policymakers facing escalation in trade tensions with U.S.
- Opinion: Europe needs a better chip strategy — The Dutch seizure of Nexperia shows how ensnared the EU is in the U.S.-China tech war. By The Editorial Board.
- Opinion: The world economy in an age of disorder — It is dangerous to have confidence in what lies ahead. By Martin Wolf.
The New York Times
- Trump’s Trade War With China Catches the World in Its Crossfire — Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways.
- China Wants Foreign Scientists. The Public Says No, Thanks. — Since Beijing announced a new visa to attract young science and technology graduates, a backlash has erupted online, forcing the government to respond.
- Trump’s Tariff Fight With China Means Trouble for a Vast Wilderness in Brazil — Brazilian farmers are lobbying to roll back deforestation restrictions in order to sell more soybeans to the huge Chinese market.
Caixin
- China Starts Levying Special Port Fee on U.S.-Linked Vessels — The Matson Waikiki became the first vessel charged under Beijing’s retaliatory tariff on U.S.-connected ships, as China begins enforcing countermeasures in the maritime sector.
- TikTok Sibling’s Payment Arm Investigated for Alleged Rule Breach — Douyin Pay is suspected of opening payment accounts for financial institutions, a practice regulators view as increasing risks.
- Clearing Arrears to Businesses Tests Chinese Localities’ Resolve — How keen local governments will be to take on new interest-bearing debts to clear interest-free ones has become a cause for concern.
- China Hits Nexperia With Export Curbs After Netherlands Freezes Assets — Wingtech-owned chipmaker caught in geopolitical crossfire as China, U.S., and EU tighten grip.
South China Morning Post
- China’s EV boom has the EU setting up roadblocks. Can cooperation clear the way? — Decades after their first joint venture, EU carmakers fear losing their markets to China’s upstarts. Is it too late for them to work together?
- ‘Red gift bag’: U.S. national security expert arrested over classified documents — FBI found over 1,000 classified pages at the long-time U.S. adviser’s home amid scrutiny of his Beijing contacts.
- Apple taps China’s BYD to build HomePod with screen, tabletop robot in Vietnam — BYD, known for its electric vehicles, will handle the final assembly, testing and packaging of Apple’s new home devices.
- China bids to break job market ‘curse of 35’ as it raises civil service age cap — The government will now accept candidates aged up to 43 for some positions, a change that comes amid rampant job market age discrimination.
Nikkei Asia
- DJI appeals U.S. ruling upholding designation as Chinese military company — Shenzhen-based drone maker maintains it has no government or military affiliation.
- China’s rare-earth miners flying high as export rules tighten — Prices, profits and shares trend upward amid high-stakes U.S. negotiations.
- Chinese exporters race to find non-U.S. markets at biggest trade fair — Companies face challenges in boosting exports to Africa, Europe.
Bloomberg
- The U.S. Is Racing to Rebuild Its Submarine Power Before China Catches Up — Inside the effort to deliver a ‘transformational improvement’ in how the U.S. builds submarines, vital to preserving its undersea advantage.
- Huawei Affiliates Parade Products That Fuel China Chip Ambitions — Chinese companies are increasingly publicizing their progress in sensitive technologies.
- Xiaomi Driver Death Adds to China Push For New EV Door Designs — Global automakers will likely need to redesign models to comply, potentially reshaping industrywide design standards.
Reuters
- China can only fire the big gun of refined metals restrictions once — The ultimate risk for China is that in cutting off Western buyers from refined metals it would risk eventually destroying its own industry.
- China to keep its ‘all about production’ economic playbook as rivalry with U.S. intensifies — Industrial prowess demands maintaining the status quo of channelling state resources to producers, while boosting consumption requires funds be redirected to households.
- Braving Trump, Apple’s Tim Cook promises to boost China investment — The tech giant, which has also made investment pledges to Washington, has so far managed to be relatively unscathed by the trade war between the United States and China.
- China’s sanctions against U.S.-linked Hanwha units seen as warning gesture, analysts say — Hanwha affiliates Beijing sanctioned have no business connection with China.
- China brings shipping battle to U.S. capital market — China’s heft in global shipping and trade means it cannot only withstand Washington’s salvos but also hit back hard.
Other Publications
- The Economist: Has Britain gone soft on China? — A spying fiasco and a new London embassy feed accusations that Sir Keir is a Red softy.
- WIRED: ‘Sovereign AI’ Has Become a New Front in the U.S.-China Tech War — OpenAI has announced “AI sovereignty” partnerships with governments around the world, but can proprietary models compete with Beijing’s open source offerings?
