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Semafor China
🟡 Semafor China: Cat and mouse
The Communist Party Politburo doubles down on self-reliance, economists are more bullish on China’s economic outlook, and efforts to block Meta’s purchase of Manus have broad fallout.
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Chinese manufacturing activity expands for second month
The figure suggests higher oil prices haven’t blunted industrial momentum.
China Daily via Reuters
China tech startups feel chilling effect after Beijing blocks Manus sale
The move could factor into a planned summit between the countries’ leaders next month.
Florence Lo/Reuters
BYD profits plunge on domestic price wars
BYD’s discounts in March hit their highest level in years.
Xiaoyu Yin/Reuters
‘Chinamaxxing’ isn’t enough. Superpowers need to talk in real life, too.
A combination of catchy memes, holiday excursions, and earnest seminars don’t add up to a broad détente.
US YouTuber “IShowSpeed” in Hong Kong. Tyrone Siu/Reuters
China-EU tensions flare on economic policy
Beijing threatened to retaliate against the bloc’s Made-in-Europe industrial strategy.
David Gray/Reuters
China bolsters gig workers’ protections
Beijing formalized labor rules for gig workers on online platforms, including delivery drivers and livestreamers, as the sector takes on a larger role in China’s economy.
Nicoco Chan/Reuters
China stockpiled three times as much crude as the US in 2025
The US government report underscores how intensely China worked to bolster its reserves ahead of the Iran war.
US accuses China of AI theft
The Donald Trump administration accused China of running “industrial-scale campaigns” to steal the capabilities of American AI models.
US says allies should pay ‘security premium’ for rare earths
US allies should pay more for critical minerals sourced from outside of China, the White House’s trade representative said.
China bets on data centers in space
A Beijing-based space startup secured $8.4 billion in financing commitments from state-owned or -linked banks, part of China’s efforts to explore building orbital data centers.
China tightens supply chain rules
Beijing enacted new rules that threaten stiff punishments for foreign and domestic companies that shift supply chains out of China.
India, China running low on oil alternatives
The closure of the Strait of Hormuz is squeezing Asia’s largest oil importers as they run low on alternatives.
The next US-China battle
Although the superpowers’ tariff conflict is ending, a potentially far more damaging supply battle is just getting going.
ByteDance profit falls on AI spending
Chinese tech giant ByteDance’s profit fell more than 70% as the company leaned aggressively into AI.
The hottest new Chinese travel trend: car factory tours
Car factories are the trendy new destination for family outings in China, as parents look to give their kids a front-row view of the country’s high-tech manufacturing boom.
The Strait of Hormuz closure is a crisis — and a wake-up call
A far bigger crisis may be on the way, and global businesses are hopelessly unprepared.
Spain urges China to help end Iran, Ukraine wars
Spain’s Prime Minister Pedro Sánchez urged Chinese leader Xi Jinping to help end the Iran and Ukraine wars.
Trump threatens China over Iran
US President Donald Trump on Sunday threatened China with “staggering” 50% tariffs if it provides military assistance to Iran, raising the specter of further friction between the world’s two largest economies.