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- 🚨 China Warns of Trump’s Escalation in LA
🚨 China Warns of Trump’s Escalation in LA
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☕️ Good morning comrades!
While Elon Musk and Donald Trump are still flinging sandbox molds at each other, e-commerce GOAT Jack Ma demonstrates mature conflict management:
A departing top executive sharply criticized in an internal Alibaba post the “big-corporation symptoms”: failed acquisitions, lack of innovation, and strategic aimlessness. Founder Jack Ma replied diplomatically, calling the analysis “valuable,” yet sidestepped concrete solutions by referring to “necessary growing pains.”
We think: acknowledge criticism and then set it aside—a great strategy for your next relationship conflict, too.
🔢 Facts & Figures
US$ 23 billion
Planned sale proceeds for 43 overseas port assets by Hong Kong investor CK Hutchison. The deal is under global scrutiny over concerns about the Panama Canal’s neutrality.
¥ 146 million
Amount real estate developer Vanke raised through the block sale of 22 million of its own A shares (around a 62 % discount to previous highs). The goal: to secure urgently needed liquidity.
¥ 17.5 trillion
China’s national tax revenue in 2024, a decline of 3.4 % despite 5 % GDP growth.
🚀 Benchmarks
| Index | Current | 24 h | YTD | 52 W High |
|---|---|---|---|---|
| 🇩🇪 DAX | 23 996.66 | –0.66 % | +20.6 % | 24 512.00 |
| 🇺🇸 NASDAQ | 19 615.88 | –0.50 % | +1.6 % | 20 204.58 |
| 🇯🇵 NIKKEI | 38 421.19 | +0.55 % | –4.7 % | 42 426.77 |
| 🇭🇰 Hang Seng | 24 366.94 | +0.84 % | +21.5 % | 24 874.39 |
| 🇨🇳 Shanghai | 3 402.32 | +0.52 % | –0.14 % | 3 674.41 |
| 🇰🇷 KOSPI | 2 907.04 | +1.20 % | +21.2 % | 2 924.07 |
Top Bit: 🇺🇸 Trump’s Policing Tactics at LA Protests Draw Criticism in China
While protests against US immigration raids escalate in Los Angeles, Chinese analysts accuse President Trump of using the unrest for political effect. His approach is said to be risky and to endanger the country’s stability, several Chinese media outlets reported. Some even warned of a potential constitutional crisis.
Details
🚨 Protests & curfews: Following massive demonstrations in LA over ICE raids, parts of downtown were sealed off.
📉 Political risk: Chinese commentators describe Trump’s actions as a “risky political game”—with unclear implications for the constitution and public order.
📰 Foreign-policy watch: This criticism comes shortly after progress in US-China trade talks—and could be read as a signal to Washington.
Why it matters
China’s public framing strengthens its domestic political narrative against Western governance.
Trump’s domestic tactics have become a global focal point for criticism.
Political instability in the US could spark new tensions in US–China relations.
Background
After large-scale federal immigration raids in Los Angeles, days of protests erupted. The city responded by imposing curfews in the affected neighborhoods. Trump’s hardline measures remind many in China of past unrest and police crackdowns in the US—a topic that state-controlled media regularly highlight to point out systemic weaknesses in the US government.
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Head Of The Day
Lei Jun
📱 CEO and mega-influencer: After earning his engineering degree from Wuhan University, Lei Jun laid the groundwork for his future ventures in 2004 by selling Joyo.com to Amazon for $75 million.
In 2010 he founded Xiaomi, took the company public in Hong Kong in 2018, and made his e-mobility debut in 2024 with the SU7. With a net worth of $42.7 billion (as of June 11, 2025), the 55-year-old ranks 32nd on the Forbes billionaires list.
He also serves as his company’s top influencer, entertaining audiences with challenges and info-videos—Jack Ma has already liked and subscribed… 👍🏻
Market Bit: 🤝 US-China Framework Deal: Mixed Market Reactions
Details
👥 High-level meeting: President Trump and China’s Vice Premier He Lifeng agreed in London on a framework deal with concessions on rare earths and student visas.
🔋 Rare earths: China will supply magnets and rare earths vital for US industries—export licenses are initially valid for six months.
🎓 Student visas: Washington rescinded its previously considered visa revocations; Chinese students are now allowed to stay.
📈 Market reaction: The S&P 500 and Nasdaq turned negative (–0.3 %) after initial gains, while the Dow remained almost unchanged.
📊 Inflation data: The consumer price index (+0.1 % in May) eased rate-hike concerns and fueled speculation about Fed rate cuts.
Why it matters
Trade stability: Easing tensions could relieve global supply chains and bolster investment security.
Industrial supply: Secured rare-earths deliveries reduce bottlenecks in high-tech and green-energy sectors.
Outlook: The framework provides a basis for further talks—final sign-off by Trump and Xi is still pending.
Top Reads
🤖 ByteDance Unveils Doubao 1.6: The new AI model cuts inference costs by 63%, supports multimodality, and can autonomously conduct browser sessions—including hotel bookings. It’s accompanied by the video model Seedance 1.0 Pro and is designed to meet the growing demand for AI agents. More on this.
💴 Japanese Share Buybacks Reach Record Levels: Companies have already announced buybacks worth ¥12.1 trillion (≈ $83 billion) in 2025—up 20% year-on-year; experts recommend directing that capital into growth strategies instead. More on this.
🚗 Xpeng Debuts G7 SUV with In-House “Turing” AI Chip: The proprietary processor is built to accelerate cockpit functions and autonomous driving—freeing Xpeng from reliance on Nvidia chips. More on this.
Optional Reads
South Korea: Stops propaganda loudspeakers aimed at North Korea. More on this.
China: Halts production of the first domestically developed Alzheimer’s drug. More on this.
Japan: Bolsters surveillance of remote islands using mobile radar units. More on this.
🤯 Labubu Breaks Records: Once again, it’s clear that inner values are what really count. At a Beijing auction, the 131 cm-tall mint-green Labubu figure fetched around $150,000 (excluding commission!), catapulting the toy craze to a new level. A 160 cm brown variant sold for $115,000.
Maybe a great gift for Trump’s next trip to China? It would surely look good in the Oval Office!
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Thomas, Michael & the Team of asiabits.
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