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
- China’s Patriotic Rhetoric Takes a Violent Turn — Three stabbing attacks in four months that targeted Japanese and Americans have exposed a dark side of the Communist Party’s nationalist campaign.
- An Imprecise Biography Catches Up With Tim Walz — The Democratic vice-presidential nominee promised to “be clearer” after exaggerating his proximity to the Tiananmen Square protests.
The Financial Times
- China’s WuXi explores sale of pharma units as US restrictions loom — Drugmakers have been targeted on national security grounds and could lose customers if Congress passes Biosecure Act.
- Opinion: Retail investors can sustain China’s market bounce — Beijing’s stimulus efforts may not be enough to win over battered foreign investors. By Lex.
- Opinion: Why the US can’t impose its will over global trade in electric cars — The American market is too small to give Washington leverage over Chinese software in EVs. By Alan Beattie.
- Opinion: The China challenge isn’t bringing Americans together — There is none of the bipartisan spirit that the cold war brought to Washington. By Janan Ganesh.
The New York Times
- Opinion: Trump Lost the Trade War to China. America Needs a New Strategy. — America’s goal shouldn’t be merely to block Chinese goods, but to outcompete them. That will require cooperation. By Bob Davis.
Caixin
- The Supermarket Sensation Defying China’s Industrywide Slump — Regional chain Pangdonglai has received acclaim for its commitment to customers and treatment of its employees — and the competition has taken notice.
South China Morning Post
- China to bring Tanzania-Zambia railway back to full speed with US$1 billion boost — Beijing to refurbish 50-year-old African line as the US and EU bankroll their own rail project in the race for critical minerals.
- China wants to be the voice of the Global South – but is the world ready for change? — China’s courting of developing nations is part of its goal of seeking a bigger global role amid isolation from the West, analysts say.
- China’s goods prove hard to resist as US, EU maintain imports amid tariff bonanza — A think tank has found the US and EU have increased their dependence on Chinese goods – but for China’s imports, the opposite has happened.
- Discounted rents help mainland Chinese retailers snag prime spots in Hong Kong — The slumping retail market is forcing landlords to extend deeper discounts, providing opportunities for brands to expand in the city.
- Opinion: China must still bring out the big guns to revitalise its economy — PBOC’s moves are not enough, given the lacklustre economic performance. Beijing should announce large-scale stimulus as soon as possible. By Yu Yongding.
Nikkei Asia
- Social media fuel pro-Okinawa independence disinformation blitz — Xi’s remarks on China’s ties with Okinawa preceded spread of fake videos: experts.
- Xi Jinping has Shigeru Ishiba walking a diplomatic tightrope — Japan inaugurates a new PM while its businesses voice China safety concerns.
- Baowu Steel’s Xinjiang unit added to U.S. entity list of Uyghur labor — Washington expands forced labor entity list to 78 Chinese firms.
Bloomberg
- China Ready for $1.4 Trillion Fiscal Support, Top Economist Says — Jia Kang said authorities could lift confidence by drastically raising government investment in public projects.
- Evergrande Liquidators Zero In on Ex-CEO in Courtroom Standoff — Xia Haijun, the former CEO of China Evergrande Group, has been thrust back into the limelight as liquidators of the defaulted developer try to claw back money to repay creditors.
- Opinion: China’s Stimulus Is Good, But Beijing Still Faces a Hard Slog — Beijing is back in investors’ good books. To justify the euphoria, it needs some meaty goals. By Daniel Moss.
Reuters
- What happens next as China-made EVs investigated by EU? — In any case, a decision on tariffs has to be made by Oct. 30, with their imposition the following day. Definitive tariffs typically apply for five years.
- Russia’s Lavrov says stands alongside China on Taiwan, other issues — Lavrov said Moscow and Beijing held close positions “in assessing the risks associated with the advance of the West in the Asia-Pacific region”.
- Key markets and metrics to track following China’s stimulus — Any sustained rebound in Chinese industrial activity will also trigger a fresh climb in associated emissions, as the world’s largest pool of steel mills, chemical plants, refineries and cement kilns potentially crank up simultaneously.
Other Publications
- Foreign Affairs: The Next President and the Tradeoffs in U.S. Economic Policy — How to Grapple With “the New Washington Consensus”.
- The Washington Post: Escalating contest over South China Sea disrupts international cable system — China’s effort to dominate the disputed waterway is taking a toll on the network of underwater cables that provide essential internet connectivity in Asia.
- The Economist: Xi Jinping’s belated stimulus has reset the mood in Chinese markets — But can the buying frenzy last?
- Rest of World: Xiaohongshu has revolutionized Chinese tourism in Southeast Asia — The lifestyle and social media platform, often compared to Instagram, is turning obscure sites into must-see attractions.
- BBC: CIA seeks informants in North Korea, Iran and China — The organisation posted messages on its social media accounts in Mandarin, Farsi and Korean on Wednesday, instructing users how to contact it securely.
