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

  • 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.
  • North Korea Threatens War With South Korea Over Alleged Drone Violation
    North Korea
    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
    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 will deepen reforms of loan prime lending rate - central bank official
    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
    NOT A THREAT
    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.
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