(Preview) A US-China Trade Framework and Continuing Rare Earth Fun; The PRC and the War in Iran; Challenges in China's Car Industry?

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

On today’s show Andrew and Bill take stock of the US-China trade framework in the wake of last week’s negotiations in London. Topics include: US escalations that brought the PRC side back to the table, PRC rare earth leverage that forced a compromise but no additional export control concessions, and variables to watch as trade tensions continue. From there: A survey of the various implications for the PRC as Israel attacks Iran and Wang Yi condemns the violations of Iran’s sovereignty. At the end: The FT reports on struggles in the PRC auto industry, the politics of factory closures, another compelling data point undermining Xi rumors, and a Wall Street Journal story about new chip workarounds for PRC firms.

To email the show: email@sharpchina.fm

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

Xi in Kazakhstan; PRC condemns Israel's attack on Iran; Real estate not stabilized; rare earths; Working on the 15th Five-Year Plan — Sinocism

Trump Has No China Trade Strategy — Wall Street Journal

New China Trade ‘Deal’ Takes U.S. Back to Where It Started — New York Times

G-7 Works to Secure Critical Minerals in Face of China Curbs — Bloomberg

Exclusive: US-China trade truce leaves military-use rare earth issue unresolved, sources say — Reuters

China demands sensitive information for rare earth exports, companies warn — Financial Times

Chinese FM Wang Yi holds phone conversation with Iranian FM, says Israel’s attack on nuclear facilities ‘sets dangerous precedent’ — Global Times

Iran Orders Material From China for Hundreds of Ballistic Missiles — Wall Street Journal

China’s car industry runs on empty as supply chain bills go unpaid — Financial Times

China’s Geely to stop building new car plants amid severe global overcapacity — SCMP

China Forced to Keep Unprofitable Firms Alive to Save Jobs and Avoid Unrest — Bloomberg

Chinese AI Companies Dodge U.S. Chip Curbs by Flying Suitcases of Hard Drives Abroad — Wall Street Journal