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

  • Where Is Qin Gang? China’s Former ‘Wolf Warrior’ Diplomat Demoted to Low-Level Role After Fall from Power
    Where is China's Foreign Minister Qin Gang?
    China's former foreign minister, Qin Gang, once a prominent figure in Beijing's aggressive diplomatic strategy known as "wolf warrior" diplomacy, has reportedly been demoted to a low-level position at a state-affiliated publishing house, marking a dramatic fall from power.
  • Malaysia Stands Firm on Oil Drilling Rights in South China Sea Amid Rising Tensions with China
    Malaysia Stands Firm on Oil Drilling Rights in South China Sea Amid Rising Tensions with China
    Malaysia's Prime Minister Anwar Ibrahim announced on Thursday that the nation will continue its oil and gas exploration activities in the South China Sea, despite China's objections. Speaking from Vladivostok, Russia, where he is on an official visit, Anwar emphasized that these activities are well within Malaysia's territorial waters and are not intended to provoke or antagonize Beijing, with whom Malaysia maintains amicable relations.
  • JPMorgan Downgrades Chinese Stocks Amid Fears of 'Tariff War 2.0' and Slowing Growth
    STOCKS
    JPMorgan has downgraded its recommendation on Chinese stocks, citing mounting concerns over the potential for a new tariff war with the United States and the ongoing struggles within China's economy. The U.S. investment bank announced on Wednesday that it had reduced its rating on Chinese equities from "overweight" to "neutral," signaling a more cautious approach as uncertainties loom large.
  • Flights Canceled, Schools Shut as China Braces for Super Typhoon Yagi’s Massive Impact
    Flights Canceled, Schools Shut as China Braces for Super Typhoon Yagi’s Massive Impact
    As Super Typhoon Yagi continues to gain strength, the massive storm is poised to make landfall on China's southern coast, putting the popular tourist destination of Hainan Island, often referred to as "China's Hawaii," directly in its path. Yagi, which has rapidly intensified to pack winds of up to 240 kph (150 mph), now threatens to bring widespread devastation to the region, prompting emergency measures across China and neighboring territories.
  • China’s ‘Spamouflage’ Network Uses Fake U.S. Voters to Sabotage 2024 Election Discourse: Report
    China’s ‘Spamouflage’ Network Uses Fake U.S. Voters to Sabotage 2024 Election Discourse: Report
    Researchers have uncovered a sophisticated Chinese disinformation network designed to sway American political discourse. Known as "Spamouflage," this network operates by creating fake social media accounts that impersonate American citizens, thereby aiming to manipulate public opinion and exacerbate political divisions in the United States.
  • Fatal Bus Crash Outside School in Tai'an, China Kills 11, Injures 13
    Fatal Bus Crash Outside School in Tai'an, China Kills 11, Injures 13
    In a tragic accident in eastern China, a bus crashed into a crowd of students and their parents outside a middle school in Tai'an city, Shandong province, resulting in the deaths of 11 people and injuries to 13 others. The incident occurred just before 7:30 a.m. local time on Tuesday, coinciding with the second day of the school year following the summer break.
  • China Warns Japan of Severe Repercussions if Semiconductor Restrictions Expand
    China Warns Japan of Severe Repercussions if Semiconductor Restrictions Expand
    China has issued a stern warning to Japan over potential new restrictions on semiconductor equipment sales. The conflict centers around Japan's recent decision to tighten controls on exports of 23 types of chipmaking machinery, a move that aligns with broader Western efforts to curb China's access to advanced technology.
  • Hong Kong Property Giant New World Faces Severe Losses Amidst Market Slump
    QUARANTINE RULES
    New World Development Co., one of Hong Kong's major property developers, is bracing for an unprecedented financial downturn, forecasting a net loss of up to HK$20 billion ($2.6 billion) for the fiscal year ending June 2024. This projected loss marks the company's first annual deficit in two decades and has led to a sharp 13% decline in its share price, hitting its lowest level since 1986, according to Bloomberg data.
  • China's Economy Faces Severe Slump: Manufacturing and Property Markets in Sharp Decline
    China will deepen reforms of loan prime lending rate - central bank official
    China's economic engines are sputtering, with fresh data revealing a worsening contraction in both manufacturing and real estate sectors. The country's efforts to mitigate these issues through policy adjustments appear to be insufficient, heightening concerns about meeting its ambitious 5% growth target for 2024.
  • China and Philippines Clash Again: Accusations Fly Over South China Sea Ship Ramming Incident
    Philippines and China Trade Blame After High-Stakes Collision Near Disputed Shoal in South China Sea
    The Philippines and China have traded accusations over a collision involving their coast guard vessels in the disputed South China Sea. The latest incident occurred near the Sabina Shoal, a contentious area claimed by both nations, further inflaming an already volatile situation.
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