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

  • Ukraine and South Korea to Strengthen Cooperation as North Korea Deploying Thousands of Soldiers to Aid Russia
    Ukraine's Largest Drone Strike Shakes Russia as Kyiv Seizes Territory
    Ukraine and South Korea are ramping up cooperation in response to North Korea's increasing involvement in Russia's war against Ukraine. Ukrainian President Volodymyr Zelensky announced on Tuesday that he had reached an agreement with South Korean President Yoon Suk Yeol to enhance intelligence sharing and coordinate strategies to address the growing deployment of North Korean troops in support of Russia.
  • China's Industrial Profits Plunge 27%, Sparking Calls for Stronger Stimulus
    China will deepen reforms of loan prime lending rate - central bank official
    China's industrial firms suffered their steepest profit decline in nearly three years in September, underscoring the mounting challenges in the world's second-largest economy and intensifying pressure on policymakers to bolster growth.
  • TSMC Suspends Shipments to Chinese Firm Over Alleged Huawei Link: Report
    TSMC
    Taiwan Semiconductor Manufacturing Co. has suspended shipments to Chinese chip designer Sophgo after discovering that a chip it produced for the firm was found in a Huawei Technologies Co. AI processor, according to people familiar with the matter. The move underscores the escalating tensions in the global semiconductor industry amid stringent U.S. export controls aimed at curbing China's access to advanced technology.
  • China Uneasy Over North Korean Troops Fighting in Ukraine, Putin Defends Growing Alliance
    South Korea Reconsiders Arms Supply to Ukraine Amid Russia-North Korea Military Pact
    China's long-standing alliance with North Korea is being tested as reports confirm that thousands of North Korean soldiers have been deployed to Russia, potentially to fight in the ongoing Ukraine war.
  • North Korean Soldiers Enter Combat Zone in Russia, Ukraine Claims
    Putin's Visit to North Korea Signals Deepening Anti-Western Alliances
    Ukraine's military intelligence has reported the presence of North Korean troops in Russia's Kursk region, a territory bordering Ukraine that has seen active military operations. The Defense Intelligence of Ukraine announced that a group of North Korean soldiers had been spotted in Kursk on Wednesday, marking the first reported deployment of North Korean forces in the ongoing war between Russia and Ukraine.
  • Xi and Modi Hold First Formal Talks in Five Years, Marking Step Toward Resolving Ladakh Standoff
    China - India
    Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held their first formal bilateral talks in five years on Wednesday, signaling a potential thaw after years of tensions. The meeting, which took place on the sidelines of the BRICS summit in the Russian city of Kazan, marks a crucial moment in the efforts to resolve the lingering military standoff along the India-China border in Ladakh.
  • Kim Jong Un Escalates Nuclear Rhetoric Amid US Tensions and Russian Military Ties
    Kim Jong un
    North Korean leader Kim Jong Un has heightened tensions on the Korean Peninsula with a stark warning about nuclear deterrence, amid growing international concern over Pyongyang's military cooperation with Russia and its expanding nuclear arsenal.
  • North Korea Denies Sending Troops to Aid Russia in Ukraine as South Korea Considers Military Support for Kyiv
    Putin Vows Support to North Korea Against U.S. Sanctions in Historic Visit
    North Korea has strongly denied claims that it is deploying troops to support Russia's military operations in Ukraine, following reports from South Korean intelligence suggesting otherwise. In a statement made during a United Nations General Assembly meeting, a North Korean representative dismissed the allegations as baseless rumors, saying they were aimed at damaging the country's image and undermining its legitimate ties with Russia.
  • China Condemns Attack on Myanmar Consulate, Demands Swift Justice
    China Plans To Ban Overseas IPOs For Tech Firms With Data Security Risks - Source
    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
    CENTRAL BANK
    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.
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