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
- U.S., China Sound Confident Note After Trade Talks — Scott Bessent hails ‘very successful framework’ for Trump-Xi meeting as Beijing reports preliminary consensus on key issues.
- As Trump and Xi Get Set to Talk Trade, Asia Worries About Impact on Its Security — Some Asian countries fear a ‘grand bargain’ with Xi on economic issues could sideline security.
- How Russia’s Sanctioned Arctic Gas Found a Chinese Loophole — The U.S. and allies aimed to hobble Russia’s energy industry, but Moscow has found workarounds.
- China EV Maker Seres Plans to Raise Up to $1.7B in Hong Kong Offer — Seres, which is already listed on the Shanghai Stock Exchange, expects to finalize the offer price by Nov. 3.
- China Industrial Profits Keep Up Strong Growth — The latest print was driven by a low base a year earlier and government efforts to reduce excess capacity.
The Financial Times
- China upgraded missiles using UAE technology, Biden spies said — Intelligence sparked intense debate in Washington about its relationship with Gulf state.
- The relentless rise of China’s biotechs — Reforms, faster development and lower costs have turbocharged growth.
- ‘Positive framework’ agreed for Trump-Xi summit, says Bessent — Talks between U.S. and Chinese officials covered export controls, fentanyl and agricultural products.
- U.S. expects China to delay rare earth export controls as trade deal nears — High-level talks yield progress ahead of summit between Trump and Xi.
- U.S. and China kick off trade talks ahead of high-stakes Trump-Xi summit — Washington describes first day of negotiations between Scott Bessent and He Lifeng as ‘very constructive.’
- Official removed word ‘enemy’ from witness statement in collapsed UK-China spy case — Deputy national security adviser Matthew Collins says the label did not reflect Conservative policy at the time.
- German foreign minister cancels China trip amid mounting tensions — Johann Wadephul had intended to address Chinese export controls on rare earth and chips.
The New York Times
- Chinese and U.S. Officials Reach Framework of a Trade Deal — Negotiators announced on Sunday they have preliminarily agreed on several issues ahead of an expected meeting between President Trump and Xi Jinping this week.
- The ‘Sleeper Issue’ at the Heart of Trump’s Trade War on China — Concern is increasing throughout Southeast Asia as U.S. officials, intent on slowing China, have yet to say how they will define the origin country of imports.
- Trump’s Asia Tour: Deals, Diplomacy and a Meeting With Xi — From Kuala Lumpur to Gyeongju, President Trump is casting himself as a deal-maker and peace negotiator, while a wary region looks for tariff relief and steadier ties.
- Asia, Caught in the Middle, Faces Trump and Xi’s Tug of War — President Trump’s visit shows how the United States and China are vying for influence in Asia over trade, technology and the fate of Taiwan.
- Trump to Investigate Whether China Abided by 2020 Trade Deal — The administration announced its trade investigation on Friday, ahead of a summit between U.S. and Chinese leaders.
- In U.K., China Is a Threat and a Coveted Trade Partner — A botched spying case prompted accusations that the British government was soft on China, highlighting tensions between economic and national security interests.
Caixin
- U.S. and Chinese Chipmakers Tread Different Paths in AI Gold Rush — As U.S. tech giants pursue compute-heavy infrastructure, China bets on power in numbers with homegrown innovation and modular design.
- China’s Aviation Expansion Masks Uneven Recovery in Passenger Traffic — While airport capacity and cargo volumes continue to rise, the sector is on track to miss key passenger and transport targets for 2025, highlighting structural pressures.
- Shenzhen’s Secondhand Home Sales Briefly Rebound in September After Easing of Purchase Restrictions — Relaxed housing restrictions spark September surge in secondhand deals—but momentum fades quickly in October.
- Xiaomi, EV Rivals Offer Tax Subsidies Ahead of China’s 2026 Incentive Cut — Automakers offer up to 15,000 yuan to offset lower purchase tax breaks as Beijing plans to scale back NEV incentives.
- China’s MetaX Wins IPO Nod as AI Chipmakers Race to Go Public — The Shanghai GPU startup aims to raise 3.9 billion yuan on the STAR Market amid heavy losses and tightening U.S. tech curbs.
South China Morning Post
- Profits of small Chinese exporters at risk as buyers ask for more time to pay — Shorter payment cycles previously gave exporters an advantage, but complex environment now presents bigger challenges.
- Nexperia crisis: Sino-Dutch dispute over chipmaker puts car industry supply chain at risk — All eyes are on Chinese Commerce Minister Wang Wentao’s meeting with his EU counterparts in Brussels to defuse the row over Nexperia.
- How Chinese jeweller Laopu Gold has become a luxury phenomenon — Blending tradition with marketing savvy, the brand is luring young, cost-conscious buyers despite a sluggish market and soaring gold prices.
Nikkei Asia
- China to account for half of new offshore wind capacity through 2030 — Country continues to expand installations even as high costs hit U.S. and Germany.
- Philippine conglomerates offer inroads for China, Vietnam EV brands — BYD, Vinfast benefit from ties with local groups.
- Indonesian order of Chinese fighter jets raises strategy issues — Analysts question logic of deal and how fighters would be used with other assets.
- China’s struggling baijiu makers seek lower alcohol to lift spirit — Traditional distilled liquor hit by changing drinking culture and new frugality measures.
Bloomberg
- Burger King Owner Is Said to Shortlist CPE and HSG for China Stake — Burger King’s parent Restaurant Brands International Inc. may pick a Chinese buyer as soon as this month, sources said.
- Latest U.S.-China Trade Truce Leaves Fundamental Issues Unresolved — Easy hits are pleasing investors, but leave deeper core conflicts unresolved.
- China Asks U.S. to Protect ‘Hard-Won’ Results Before Xi-Trump Meeting — Deals in Malaysia marked a significant cooling of tensions, after a recent volley of tariff threats and fresh export curbs threatened to derail the bilateral relationship.
Reuters
- Robot dogs and AI drone swarms: How China could use DeepSeek for an era of war — A Reuters review of hundreds of research papers, patents and procurement records gives a snapshot of the systematic effort by Beijing to harness AI for military advantage.
- Luxury brands turn on the charm in China to kindle nascent spending recovery — Brands are targeting economically resilient high-earners as their focus shifts more to market share than growth.
- Reliance races to get battery gear orders out of China ahead of export curbs, sources say — Without the Chinese gear, Indian giant Reliance cannot fulfill its plan to locally assemble or produce batteries.
- China presses for stronger economic, trade ties after Trump departs ASEAN summit — It could face resistance among concerns about its rising military ambitions.
Other Publications
- The Economist: China’s secret stockpiles have been a great success — so far — Xi Jinping is desperate for Trump-proof access to food, fuels and metals.
- The Washington Post: Opinion: A one-year reprieve from Chinese rare earth blackmail — Weekend talks eased tensions, but deep mistrust will continue to define the relationship.
