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

  • Putin and Xi Vow to Challenge U.S. Influence in ‘Multipolar World’ After Trump’s Inauguration
    China - Russia
    Russian President Vladimir Putin and Chinese President Xi Jinping reaffirmed their nations' deepening partnership during a video call on Tuesday, just one day after Donald Trump was sworn in as the 47th president of the United States.
  • South Korean President Yoon Suk Yeol Formally Arrested Over Martial Law Declaration
    South Korean President Declares Martial Law, Accuses Opposition of Anti-State Activities
    South Korea's political crisis deepened early Sunday as President Yoon Suk Yeol was formally arrested following his controversial declaration of martial law last month. The Seoul Western District Court approved an arrest warrant for Yoon after an hourslong deliberation, citing concerns that he might destroy evidence. This marks the first time in South Korea's history that a sitting president has been taken into custody.
  • China Faces Mounting Demographic Crisis as Population Declines for Third Consecutive Year
    China population census
    China's population shrank for the third straight year in 2024, marking another chapter in the country's worsening demographic challenges. The National Bureau of Statistics reported Friday that the population fell by 1.39 million to 1.408 billion, underscoring a steady decline that began decades ago but has accelerated in recent years.
  • China’s Q4 GDP Surges 5.4%, Surpassing Forecasts Amid Policy Boosts
    China Export
    China's economy exceeded expectations in the fourth quarter of 2024, growing at a robust 5.4% year-on-year, according to data released Friday by the National Bureau of Statistics. The strong performance, fueled by a series of targeted stimulus measures, allowed Beijing to meet its annual growth target of "around 5%," with full-year GDP growth landing at exactly 5%.
  • Vanke CEO Zhu Jiusheng Taken by Authorities - Reports
    China Vanke
    Zhu Jiusheng, the CEO of China Vanke, was taken into custody by public security authorities on Wednesday, according to a report from state media outlet The Economic Observer. The unexpected development has intensified scrutiny of the real estate giant's financial stability amid a prolonged slump in China's property market.
  • Detained South Korean President Yoon Rejects Second Day of Questioning Amid Legal Showdown
    South Korea's President Yoon Suk-yeol Reshuffles Cabinet, Aiming to Strengthen Position Ahead of Key Parliamentary Elections
    South Korean President Yoon Suk Yeol, now detained and under intense scrutiny, has refused to attend further questioning by anti-corruption investigators. This development comes as the embattled leader faces accusations of insurrection tied to his failed attempt to impose martial law last month. The unfolding legal saga has plunged South Korea into its most severe political crisis in decades.
  • U.S. Plans Tougher Chip Restrictions on China Following TSMC-Huawei Controversy
    Taiwan Semiconductor Manufacturing Co
    The United States is preparing to implement stricter regulations aimed at preventing advanced semiconductors from reaching China, following revelations that chips manufactured by Taiwan Semiconductor Manufacturing Company (TSMC) ended up in Huawei Technologies' devices despite existing restrictions. The Biden administration plans to unveil these rules in the coming days, marking another escalation in the ongoing U.S.-China technology rivalry.
  • South Korea Arrests Impeached President Yoon Amid Insurrection Allegations
    South Korea's President Yoon Suk-yeol Reshuffles Cabinet, Aiming to Strengthen Position Ahead of Key Parliamentary Elections
    South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday in connection with insurrection charges stemming from his martial law declaration on December 3, marking a dramatic escalation in the nation's political crisis. Yoon's arrest represents the first time a sitting South Korean president has been detained, underscoring the gravity of the allegations against him.
  • China Reportedly Considers Selling TikTok’s U.S. Operations to Elon Musk Amid Looming Ban
    TikTok US
    As a potential nationwide ban on TikTok approaches, Chinese officials are reportedly exploring the possibility of allowing Elon Musk to acquire the platform's U.S. operations. The move comes as ByteDance, TikTok's Beijing-based parent company, faces a January 19 deadline to divest the app's U.S. operations or risk its removal from American app stores. The Supreme Court appears likely to uphold the legislation mandating the divestiture, further intensifying the need for a resolution.
  • UK Seeks Balance in Renewed Economic Talks with China, National Security at Stake
    China UK relations
    The United Kingdom has rekindled its economic and financial dialogue with China after a six-year pause, marking a significant step in efforts to navigate a delicate balance between economic cooperation and national security concerns. Chancellor Rachel Reeves led a high-level delegation to Beijing, signaling Britain's intent to reset relations with the world's second-largest economy.
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