Jonathan Cheng

Jonathan Cheng

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WSJ Seoul bureau chief; covers Korea and Asia news with market implications

Archer Sues Joby for Hiding Chinese Supplier Links
SocialMar 10, 2026

Archer Sues Joby for Hiding Chinese Supplier Links

Archer Aviation, a company that designs electric flying taxis, sued Joby Aviation, alleging that its rival spent years deceiving federal regulators and investors by concealing extensive ties to Chinese suppliers. @chriskuo17 https://t.co/0LdjLi42Wz https://t.co/0LdjLi42Wz

By Jonathan Cheng
China’s Politically‑driven Growth Target Fuels Overinvestment and Waste
SocialMar 10, 2026

China’s Politically‑driven Growth Target Fuels Overinvestment and Waste

FT op-ed: “China’s growth target is a global problem…The target is not based in economics. It’s a political goal…Pursuing that aim, Beijing has been overinvesting for years, but lately it has been dumping the excess output it can’t sell at...

By Jonathan Cheng
Xi's Poverty Victory May Be Unsustainable, Underestimated
SocialMar 10, 2026

Xi's Poverty Victory May Be Unsustainable, Underestimated

FT: “The question is whether the victory that Xi boasted of is sustainable, or even borne out by reality, and whether China, the country that has lifted more people out of indigence than any other…is now underestimating the poverty.” @WillLangley96 https://t.co/G1ef9EpU5D

By Jonathan Cheng
Iranian Envoy Urges US, Israel to Leave Hormuz
SocialMar 9, 2026

Iranian Envoy Urges US, Israel to Leave Hormuz

U.S., Israel Should Withdraw From Strait of Hormuz Area, Says Iranian Envoy—Iran’s ambassador to China denounced the U.S. and Israel as sources of insecurity in the Strait of Hormuz and called on the two governments to withdraw from the area. @ByChunHan...

By Jonathan Cheng
China Refuses U.S.-style Role in Iran Partnership
SocialMar 9, 2026

China Refuses U.S.-style Role in Iran Partnership

.@ZichenWanghere: “China is not willing to play the same role for Iran that the United States has long assumed for its own partners. But that does not mean that China is feckless…Too many observers still measure every rising power against...

By Jonathan Cheng
China Acknowledges Deflation Risk, Vows Positive Cost Growth
SocialMar 9, 2026

China Acknowledges Deflation Risk, Vows Positive Cost Growth

“Encouragingly, China now seems very alert to the threat of deflation…Li Qiang said the government will steer the cost of living ‘back into positive territory.’ That’s tougher language than last year…a welcome recognition that Beijing has a problem.” https://t.co/V270GGGAJB

By Jonathan Cheng
One Analyst’s Forecast Sets 2027 Taiwan Invasion Deadline
SocialMar 9, 2026

One Analyst’s Forecast Sets 2027 Taiwan Invasion Deadline

How One Man’s Prediction Fueled Fears of a 2027 Taiwan Invasion—A U.S. conclusion about China’s military plans quickly became a deadline for battle preparations @austinramzy @ByChunHan @joyuwang https://t.co/uKw3G9WeVV https://t.co/uKw3G9WeVV

By Jonathan Cheng
China's CPI Jumps 1.3% in February, Outpacing Forecasts
SocialMar 9, 2026

China's CPI Jumps 1.3% in February, Outpacing Forecasts

China Consumer Inflation Beats Expectations on Holiday Boost—The consumer-price index rose 1.3% from a year earlier in February https://t.co/U4ziLySrnu https://t.co/U4ziLySrnu

By Jonathan Cheng
US Investors Push Asian Funds to Create Restricted‑tech Vehicles
SocialMar 7, 2026

US Investors Push Asian Funds to Create Restricted‑tech Vehicles

FT: US investors are increasingly asking Asian fund managers to carve out special vehicles so they can invest in the region without falling foul of American investment restrictions on Chinese technology. https://t.co/BxNIMQgnjK

By Jonathan Cheng
China’s Modest Target Risks Stalling Demand Revival
SocialMar 7, 2026

China’s Modest Target Risks Stalling Demand Revival

The Economist: “China’s new target is too low. Judging by the country’s recent record, it will set a ceiling on the government’s efforts to revive demand, perpetuating the economy’s biggest problems.” https://t.co/r2SPU7niNb

By Jonathan Cheng
China Plans Coordinated Push for Lithography by 2030
SocialMar 5, 2026

China Plans Coordinated Push for Lithography by 2030

Reuters: Top Chinese semiconductor executives have called for a coordinated national effort to develop operational lithography systems during the 2026-2030 period, underlining Beijing's push for greater technological self-reliance. @lauriechenwords https://t.co/uab1DaTkwQ

By Jonathan Cheng
Nvidia Halts China Chip Production Amid Ongoing Trade Restrictions
SocialMar 5, 2026

Nvidia Halts China Chip Production Amid Ongoing Trade Restrictions

FT, citing sources: Nvidia has stopped production of chips intended for the Chinese market, betting that regulatory barriers in Washington and Beijing will continue to limit sales to China. @zijing_wu https://t.co/WzcEVP1osx

By Jonathan Cheng
Chinese Legacy Firms Bet on Chips to Survive AI Boom
SocialMar 5, 2026

Chinese Legacy Firms Bet on Chips to Survive AI Boom

China’s Traditional Businesses Try to Buy Into AI Boom—For many Chinese companies, investing in chip makers is a survival strategy @QinSherry https://t.co/4pke6IQIur https://t.co/4pke6IQIur

By Jonathan Cheng
China Sets Historic Low Growth Target, Signaling Slower Era
SocialMar 5, 2026

China Sets Historic Low Growth Target, Signaling Slower Era

China Signals New Era of Slower Economic Growth—Beijing sets historically low growth target of 4.5% to 5% @hannahmiao_ @TByGraceZhu @ByXiaoXiao https://t.co/o4Z2iYoVdw https://t.co/o4Z2iYoVdw

By Jonathan Cheng
China's Mixed PMIs Hint at Possible Stimulus
SocialMar 4, 2026

China's Mixed PMIs Hint at Possible Stimulus

China PMIs Send Mixed Signals as Markets Watch for Stimulus—Nonmanufacturing PMI, which covers both service and construction activity, edged up to 49.5 in February https://t.co/7qblrUNU7k https://t.co/7qblrUNU7k

By Jonathan Cheng
Chinese EV Giant Eyes US, Offers Auto Industry Lifeline
SocialMar 3, 2026

Chinese EV Giant Eyes US, Offers Auto Industry Lifeline

.@abrownepek: “After rolling across Southeast Asia, Europe, and Latin America, the Chinese electric vehicle juggernaut is targeting the US. Its arrival could be a salvation for America and its auto industry.” https://t.co/0pm9u3FDcB

By Jonathan Cheng
China's Oil Stockpiles Offer Buffer Against Price Spikes
SocialMar 3, 2026

China's Oil Stockpiles Offer Buffer Against Price Spikes

“Can China act as a buffer? China has been loading up on cheap, sanctioned oil, putting some of it away in storage. In a report, analysts at Morgan Stanley said China could slow down on its purchases if oil prices...

By Jonathan Cheng
Price Wars Hurt Productivity, Threaten Chinese Economy
SocialMar 3, 2026

Price Wars Hurt Productivity, Threaten Chinese Economy

.@Aligarciaherrer: “They cut prices aggressively, not because they’re getting leaner…but because everyone else is doing it and they fear losing customers…Unproductive companies are hurting the productive ones, which is…not good for the Chinese economy.” https://t.co/ZakESJy4Fc

By Jonathan Cheng
China’s Two Sessions Reveal Economic Outlook Amid High Stakes
SocialMar 2, 2026

China’s Two Sessions Reveal Economic Outlook Amid High Stakes

China’s ‘Two Sessions’ to Shed Light on What Lies Ahead for Economy—Beijing’s target-setting takes place against a high-stakes backdrop https://t.co/sxAHsLFpcV https://t.co/sxAHsLFpcV

By Jonathan Cheng
Japanese Investment in China Jumps 55% Amid Tensions
SocialMar 2, 2026

Japanese Investment in China Jumps 55% Amid Tensions

“At a time when Tokyo and Beijing appear to be drifting further apart politically, Japanese capital is moving in the opposite direction…Japanese foreign direct investment into China surged by 55.5% year-on-year in the first three quarters of 2025.” https://t.co/osyTCAOqOp

By Jonathan Cheng
China's 2025 Economy: Hot Sectors Stuck Amid Cooling
SocialMar 1, 2026

China's 2025 Economy: Hot Sectors Stuck Amid Cooling

“The Chinese economy in 2025…is like a giant machine where large parts are beginning to cool down, while a considerable part remains at high temperature. But the temperature of this part is difficult to conduct to the cooling parts.” @ChinaFile https://t.co/oC1Pwzm8je

By Jonathan Cheng
China Aims 5% Growth; Consumption, Innovation to Drive 2026
SocialMar 1, 2026

China Aims 5% Growth; Consumption, Innovation to Drive 2026

China Daily: “Around 5% seen as likely GDP target—Consumption, innovation expected to emerge as key economic engines in 2026” https://t.co/mvmKY53AFy

By Jonathan Cheng
Tencent Embeds AI in Group Chats for Real-Time Fact‑checking
SocialFeb 28, 2026

Tencent Embeds AI in Group Chats for Real-Time Fact‑checking

“Tencent is betting that AI spreads best when it rides on social habits, rather than treated as yet another ‘productivity’ app…Yuanbao is less a chatbot tab than an extra voice in the group chat: the friend you can @ to...

By Jonathan Cheng
China's Central Bank Eases Dollar Purchases to Curb Yuan Rally
SocialFeb 27, 2026

China's Central Bank Eases Dollar Purchases to Curb Yuan Rally

China Central Bank Moves to Tame Yuan Rally—China’s central bank on Friday moved to combat a rally in the yuan by making it cheaper for importers to buy dollars and sell the Chinese currency. @RebeccaYFeng https://t.co/uVx5NuUmDE

By Jonathan Cheng
US ITC to Study Impact of Stripping China’s Trade Status
SocialFeb 27, 2026

US ITC to Study Impact of Stripping China’s Trade Status

Reuters: The U.S. International Trade Commission said on Thursday it would investigate the economic impact of revoking China’s permanent normal trade status over a six-year period, a move that would likely increase tariffs on Chinese imports. https://t.co/T0xSqrLDgN

By Jonathan Cheng
China Cuts Shorting Costs, Drops 20% Reserve on Yuan Forwards
SocialFeb 27, 2026

China Cuts Shorting Costs, Drops 20% Reserve on Yuan Forwards

China Moves to Tame Yuan Rally by Slashing Shorting Costs—Chinese banks won’t be required to set aside a 20% risk reserve on forward currency trades https://t.co/myGXkMjp6X https://t.co/myGXkMjp6X

By Jonathan Cheng
IMF: China Too Big to Export Out Its Malaise
SocialFeb 24, 2026

IMF: China Too Big to Export Out Its Malaise

“I recently spoke with experts at the International Monetary Fund, who put the problem bluntly: China is simply too big to keep exporting its way out of its own internal malaise.” @Lingling_Wei https://t.co/nsBIj0UbEq

By Jonathan Cheng
China Bans Japanese Firms, Escalating Trade War over Taiwan Comment
SocialFeb 24, 2026

China Bans Japanese Firms, Escalating Trade War over Taiwan Comment

China Hits Japanese Firms With Export Bans—Move marks another escalation in economic campaign against Japan over prime minister’s Taiwan comment @wsj_douglasj https://t.co/KP8DkI7RD5 https://t.co/KP8DkI7RD5

By Jonathan Cheng
US Needs Domestic EV Demand to Counter China’s Rare‑earth Dominance
SocialFeb 24, 2026

US Needs Domestic EV Demand to Counter China’s Rare‑earth Dominance

.@dunne_insights: “China controls roughly 70 percent of rare earth mining and over 90 percent of processing capacity. Without a thriving domestic EV industry creating sustained demand, America lacks the economic incentive to build the…supply chains.” https://t.co/hU5loovdzh

By Jonathan Cheng
China’s Growth Needs Domestic Consumption, Not Exports
SocialFeb 21, 2026

China’s Growth Needs Domestic Consumption, Not Exports

China’s economy has held up remarkably well against shocks like U.S. tariffs but continued resilience will need consumption to drive growth, rather than external demand, according to a report by the International Monetary Fund. @Tracyyyqu https://t.co/7pUUCZaEr2

By Jonathan Cheng
China Delays Auto Sales Data, Signaling Weakening Market
SocialFeb 18, 2026

China Delays Auto Sales Data, Signaling Weakening Market

The Economist: “Last month the China Association of Automobile Manufacturers, another state-backed trade group, appears to have deferred the publication of its weekly sales data—a sure sign of growing anxiety over weakening numbers.” https://t.co/feytAJBiP2

By Jonathan Cheng
China's State Funds Clamp Down on AI Stock Surge
SocialFeb 14, 2026

China's State Funds Clamp Down on AI Stock Surge

China Deploys a ‘National Team’ of Investors to Keep AI Stock Boom in Check—Beijing’s group of state-linked funds tamps down market, fearing irrational speculation @kowsmann @ZyuelingSH https://t.co/3OudeHDvtd https://t.co/3OudeHDvtd

By Jonathan Cheng
China EV Sales Dip, Exports Surge 70% Abroad
SocialFeb 14, 2026

China EV Sales Dip, Exports Surge 70% Abroad

China EV Sales Drop for First Time Since February 2024—Chinese exports of EVs and hybrids rise 70% in 2025 as automakers shift their focus overseas @ivy_jiahuihuang https://t.co/PdiFmEGPXg https://t.co/PdiFmEGPXg

By Jonathan Cheng
China's Consumer Inflation Cools, Producer Prices Keep Falling
SocialFeb 11, 2026

China's Consumer Inflation Cools, Producer Prices Keep Falling

China’s Consumer Inflation Eases, Producer Prices Stay in Decline The consumer-price index rose 0.2% from a year earlier in January, cooling from December’s 0.8% increase https://t.co/7xOyvC2ByN https://t.co/7xOyvC2ByN

By Jonathan Cheng
AI Restrictions Trap Chinese Startups, Hurt US Innovation
SocialFeb 11, 2026

AI Restrictions Trap Chinese Startups, Hurt US Innovation

“If Beijing forces Chinese AI innovation to remain fully domestic, Chinese startups face permanent capital constraints. If Washington blocks all China-adjacent AI deals, American firms lose access to innovative Chinese technologies.” https://t.co/zD3VCYdTdC

By Jonathan Cheng