China’s ‘stability’ vow, graft-buster warns ‘no one is untouchable’: SCMP daily highlights
From Beijing’s vow to stabilise the economy amid the trade war to its fight against corruption, here’s a round-up from today’s coverage
1. China puts onus on stability as Beijing vows domestic support amid US trade war
China’s leadership has vowed to stabilise the economy and society, as the country is now at a critical stage in handling the unprecedented trade war with the United States.
2. As US tariffs hit, China wants exporters to sell domestically – but can they?
Beijing has announced measures to support firms hurt by US tariffs, but businesses warn of challenges in domestic market.
3. China-born scientist forged a rare-earth-free magnet. Will it help the West?
As US-China tensions escalate over rare-earth exports – a sector China dominates with 92 per cent of global refining – Wang’s invention is gaining urgent attention. His spin-off company, Niron Magnetics, is racing to commercialise these magnets, offering Western technology and automotive giants an alternative to China’s stranglehold on supply.