Ethan Zhao
Senior Reporter
The Latest
-
China Condemns Attack on Myanmar Consulate, Demands Swift Justice
China has condemned an attack on its consulate in Mandalay, Myanmar, and is urging Myanmar authorities to apprehend those responsible. The incident, which occurred on Friday, involved an explosive device detonated at the consulate, partially damaging the premises but causing no injuries. The attack has heightened tensions in a country already mired in turmoil since a military coup in February 2021 ousted an elected civilian government, abruptly halting Myanmar's tentative move towards democracy. 
China has condemned an attack on its consulate in Mandalay, Myanmar, and is urging Myanmar authorities to apprehend those responsible. The incident, which occurred on Friday, involved an explosive device detonated at the consulate, partially damaging the premises but causing no injuries. The attack has heightened tensions in a country already mired in turmoil since a military coup in February 2021 ousted an elected civilian government, abruptly halting Myanmar's tentative move towards democracy. -
China Cuts Key Lending Rates Amid Efforts to Boost Economic Growth
China's central bank on Monday cut its main benchmark lending rates, marking the latest in a series of monetary easing measures aimed at reviving economic growth in the world's second-largest economy. The People's Bank of China (PBOC) lowered the one-year loan prime rate (LPR) by 25 basis points to 3.1% and the five-year LPR by the same margin to 3.6%. The LPR is used as a reference for most new and outstanding loans in China, while the five-year rate is closely linked to mortgage pricing. 
China's central bank on Monday cut its main benchmark lending rates, marking the latest in a series of monetary easing measures aimed at reviving economic growth in the world's second-largest economy. The People's Bank of China (PBOC) lowered the one-year loan prime rate (LPR) by 25 basis points to 3.1% and the five-year LPR by the same margin to 3.6%. The LPR is used as a reference for most new and outstanding loans in China, while the five-year rate is closely linked to mortgage pricing. -
North Korea Threatens War With South Korea Over Alleged Drone Violation
Tensions on the Korean Peninsula have reached new heights as North Korea has threatened to declare war against South Korea, following the discovery of a crashed South Korean military drone in its territory. 
Tensions on the Korean Peninsula have reached new heights as North Korea has threatened to declare war against South Korea, following the discovery of a crashed South Korean military drone in its territory. -
North Korea Claims Discovery of South Korean Drone, Warns of Retaliation
North Korea has claimed that it discovered the remains of a South Korean drone in the capital, Pyongyang, further escalating tensions between the two Koreas. The discovery, announced by North Korea's state news agency KCNA on Saturday, has led to accusations that the South was behind a recent series of drone infiltrations over the North's skies-a charge that South Korea has neither confirmed nor denied. 
North Korea has claimed that it discovered the remains of a South Korean drone in the capital, Pyongyang, further escalating tensions between the two Koreas. The discovery, announced by North Korea's state news agency KCNA on Saturday, has led to accusations that the South was behind a recent series of drone infiltrations over the North's skies-a charge that South Korea has neither confirmed nor denied. -
China Injects $112 Billion to Boost Stock Market, Spur Economic Confidence
China's central bank rolled out two major funding schemes on Friday, injecting as much as 800 billion yuan ($112 billion) into the stock market through newly-created monetary policy tools aimed at stabilizing capital markets. The People's Bank of China (PBOC) unveiled operational details of these swap and relending schemes, which were initially announced in late September, in an effort to provide liquidity and support the "steady development" of capital markets. 
China's central bank rolled out two major funding schemes on Friday, injecting as much as 800 billion yuan ($112 billion) into the stock market through newly-created monetary policy tools aimed at stabilizing capital markets. The People's Bank of China (PBOC) unveiled operational details of these swap and relending schemes, which were initially announced in late September, in an effort to provide liquidity and support the "steady development" of capital markets. -
China's Q3 GDP Growth Slows, Pushing Calls for More Stimulus Amid Property Crisis
China's economy expanded at the slowest pace since early 2023 in the third quarter, as the world's second-largest economy grapples with a property market slump and weak domestic demand. Despite slightly better-than-expected consumption and factory output data in September, the overall economic picture remains challenging for Beijing, pushing for additional stimulus to revive growth. 
China's economy expanded at the slowest pace since early 2023 in the third quarter, as the world's second-largest economy grapples with a property market slump and weak domestic demand. Despite slightly better-than-expected consumption and factory output data in September, the overall economic picture remains challenging for Beijing, pushing for additional stimulus to revive growth. -
North Korea Deploys Troops to Support Russia in Ukraine, South Korea Warns of Escalating Threat
South Korea has raised alarms about North Korea's deepening involvement in the Ukraine conflict, with its intelligence agency, the National Intelligence Service (NIS), confirming that Pyongyang has dispatched troops to Russia. Zelenskiy claimed that intelligence reports suggested Pyongyang was preparing to send an additional 10,000 soldiers to aid Russia in its offensive against Ukraine. 
South Korea has raised alarms about North Korea's deepening involvement in the Ukraine conflict, with its intelligence agency, the National Intelligence Service (NIS), confirming that Pyongyang has dispatched troops to Russia. Zelenskiy claimed that intelligence reports suggested Pyongyang was preparing to send an additional 10,000 soldiers to aid Russia in its offensive against Ukraine. -
China’s Property Stocks Drop Sharply Despite Expanded Support Measures, Asia-Pacific Markets React
China's property sector faced a sharp decline on Thursday as new measures unveiled by the country's housing ministry failed to reassure investors, leading to a nearly 8% drop in the CSI 300 real estate index. The broader CSI 300 benchmark also declined by 1.13% to close at 3,788.22. This setback comes as Beijing intensifies efforts to stabilize the property market, which has been under pressure since 2021, impacting the wider economy of the world's second-largest nation. 
China's property sector faced a sharp decline on Thursday as new measures unveiled by the country's housing ministry failed to reassure investors, leading to a nearly 8% drop in the CSI 300 real estate index. The broader CSI 300 benchmark also declined by 1.13% to close at 3,788.22. This setback comes as Beijing intensifies efforts to stabilize the property market, which has been under pressure since 2021, impacting the wider economy of the world's second-largest nation. -
North Korea Warns of War as 1.4 Million Volunteer to Fight Over Drone Incursion Dispute
North Korea claimed on Wednesday that 1.4 million young people had volunteered to join or re-enlist in the Korean People's Army (KPA) following what it described as a "provocative" drone incursion by South Korea. The North's state-controlled Korean Central News Agency (KCNA) accused Seoul of violating its sovereignty, bringing tensions on the Korean Peninsula "to the brink of war." This massive mobilization marks one of the most significant escalations in the region in recent years. 
North Korea claimed on Wednesday that 1.4 million young people had volunteered to join or re-enlist in the Korean People's Army (KPA) following what it described as a "provocative" drone incursion by South Korea. The North's state-controlled Korean Central News Agency (KCNA) accused Seoul of violating its sovereignty, bringing tensions on the Korean Peninsula "to the brink of war." This massive mobilization marks one of the most significant escalations in the region in recent years. -
TSMC Begins Chip Production for Apple in Arizona, Marking a Key Milestone for U.S. Chipmaking
Taiwan Semiconductor Manufacturing Company (TSMC) has commenced the production of Apple's A16 chips at its new fabrication plant in Phoenix, Arizona. This move marks a significant milestone for both TSMC and the U.S. government's efforts to localize semiconductor production and reduce reliance on overseas chip manufacturing. The decision to produce Apple's chips domestically aligns with Apple's commitment to reshoring production and the Biden administration's initiatives under the CHIPS Act. 
Taiwan Semiconductor Manufacturing Company (TSMC) has commenced the production of Apple's A16 chips at its new fabrication plant in Phoenix, Arizona. This move marks a significant milestone for both TSMC and the U.S. government's efforts to localize semiconductor production and reduce reliance on overseas chip manufacturing. The decision to produce Apple's chips domestically aligns with Apple's commitment to reshoring production and the Biden administration's initiatives under the CHIPS Act.
