Ethan Zhao

Ethan Zhao
Senior Reporter
Ethan Zhao is a features reporter at Business Times specializing in company, technology and in-depth. For news tips and feedback, please contact: ethanz@businesstimes.cn

The Latest

  • China Imposes Up to 42.7% Tariffs on EU Dairy, Escalating Trade Clash Over EVs
    EU China Trade Relations
    China said it will impose tariffs of up to 42.7% on dairy products imported from the European Union, escalating a trade dispute that has widened since Brussels moved to penalize Chinese electric vehicle exports last year. The duties, announced Monday by China's Ministry of Commerce, are scheduled to take effect on Dec. 23 and apply to a broad range of European milk and cheese products, including protected-origin varieties such as Roquefort and gorgonzola.
  • China-to-Korea Tourist Surge Tops 4.7 Million After Japan Warning, Stirring Backlash in Seoul
    China-to-Korea Tourist Surge Tops 4.7 Million After Japan Warning, Stirring Backlash in Seoul
    A sudden surge of Chinese tourists into South Korea has reshaped Northeast Asia's winter travel flows, following Beijing's November travel warning against Japan, and has ignited a domestic backlash as local authorities grapple with cultural frictions, public-order complaints and infrastructure strain. The shift underscores how geopolitical tensions between China and Japan are spilling into regional tourism markets, with South Korea emerging as an unintended pressure point.
  • Jimmy Lai Convicted Under Hong Kong Security Law, Putting $1.2 Billion Fortune at Risk of Forfeiture
    Media mogul Jimmy Lai Chee-ying, founder of Apple Daily is detained
    The conviction of Hong Kong media tycoon Jimmy Lai under the city's sweeping national security law has intensified global attention not only on his political fate but also on the future of a fortune once estimated at $1.2 billion. The ruling by Hong Kong's High Court on Monday leaves Lai, 78, facing the possibility of life imprisonment and raises the likelihood that assets frozen since his arrest could now be permanently confiscated.
  • U.S. B-52 Bombers Join Japan Jets After China-Russia Patrols Spark Security Alarm Across Indo-Pacific
    U.S. B-52 Bombers Join Japan Jets After China-Russia Patrols Spark Security Alarm Across Indo-Pacific
    The United States and Japan conducted a high-visibility military exercise over the Sea of Japan this week, deploying U.S. B-52H strategic bombers and Japanese F-35 and F-15 fighter jets in a coordinated show of force days after China and Russia carried out joint air and naval drills near Japanese and South Korean territory. Japan's Defense Ministry said the bilateral flight reaffirmed the allies' determination "to prevent any unilateral attempt to change the status quo by force" as tensions deepen across the Indo-Pacific.
  • Thailand Airstrikes Kill Five as 385,000 Flee Border; Hospitals Collapse Amid Cambodia Clashes
    Thailand-Cambodia Border Clashes Leave 12 Dead as Fighter Jets Escalate Conflict
    Tensions along the Thailand-Cambodia border erupted into the region's worst violence in months, as Thailand launched airstrikes on Monday following deadly clashes that killed at least five civilians and displaced more than 385,000 people. The escalation threatens to unravel a fragile ceasefire brokered just two months ago by U.S. President Donald Trump, according to CNN reporting from the area.
  • China and Japan Clash Over Radar Targeting as Carrier Drills Spark New Tensions
    China–Japan Tensions Wipe Out Billions in Travel Stocks as Nasdaq, Nikkei Slide
    Japan and China entered one of their most tense exchanges of the year after Japan's Air Self-Defense Force scrambled fighters in response to two radar-lock incidents involving Chinese J-15 aircraft southeast of Okinawa, according to reports from Japan Today and The Japan Times. The confrontation unfolded as China's carrier Liaoning conducted expansive air and helicopter operations in the Pacific, placing Japanese and Chinese forces in close proximity near contested airspace.
  • Beijing Rejects Takaichi’s Clarification, Says Japan ‘Absolutely Does Not Accept This’ on Taiwan Remarks
    Beijing Rejects Takaichi’s Clarification, Says Japan ‘Absolutely Does Not Accept This’ on Taiwan Remarks
    Tensions between China and Japan have intensified after Beijing rejected Japanese Prime Minister Sanae Takaichi's latest clarification regarding her earlier comments on Taiwan, insisting that Tokyo must fully retract what it calls "erroneous remarks." The exchange has added strain to a relationship already challenged by regional security concerns and the competing strategic interests of two major Asian powers.
  • China Imposes 13% Tax on Condoms as Births Fall to 9.54 Million, Sparking Public Backlash
    China Imposes 13% Tax on Condoms as Births Fall to 9.54 Million, Sparking Public Backlash
    China is preparing to impose a 13% value-added tax on contraceptives beginning in January, a sharp policy reversal for a country that once relied on aggressive birth-control campaigns to limit population growth. The move, announced through revisions to the nation's VAT Law, comes as Beijing attempts to counter a deepening demographic decline, with births falling to 9.54 million in 2024-China's third consecutive year of population shrinkage and nearly half the level recorded in 2016.
  • Malaysia Restarts MH370 Search on Dec. 30, Authorizes $70 Million ‘No Find, No Fee’ Mission
    Malaysia Restarts MH370 Search on Dec. 30, Authorizes $70 Million ‘No Find, No Fee’ Mission
    Malaysia will restart the deep-sea search for Malaysia Airlines Flight MH370 on Dec. 30, reopening one of the aviation world's most confounding investigations 11 years after the Boeing 777 vanished over the Indian Ocean. The government confirmed that U.S. robotics firm Ocean Infinity will resume seabed operations for 55 days, working intermittently across what officials describe as the area with "the highest probability of locating the aircraft."
  • Japan’s Takaichi Reasserts 1972 Taiwan Policy as China Warns of Rising Regional Risk
    Japan’s Takaichi Reasserts 1972 Taiwan Policy as China Warns of Rising Regional Risk
    Japan moved this week to temper rising friction with China over the Taiwan Strait, as Prime Minister Sanae Takaichi publicly reaffirmed that Tokyo's position on Taiwan remains rooted in the 1972 Japan-China Joint Communique. The statement, delivered in parliament after weeks of heightened scrutiny from Beijing and domestic lawmakers, was framed as an attempt to reduce tensions sparked by her earlier suggestion that a Chinese attack on Taiwan could create a "survival-threatening situation" for Japan.
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