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

  • China's Liquidity Measures May Miss Target as Weak Consumer Spending Persists
    China will deepen reforms of loan prime lending rate - central bank official
    China's central bank has rolled out its most significant monetary easing measures since the early days of the pandemic, aiming to invigorate the world's second-largest economy amid mounting deflationary pressures. However, economists caution that the People's Bank of China's (PBOC) actions may not address the core issue hindering growth: persistently weak consumer demand.
  • Chinese E-Commerce Giants Surge as Central Bank Unveils Boldest Stimulus Package Since Pandemic
    ALIBABA DOWN
    The shares of Chinese e-commerce powerhouses Alibaba, JD.com, and Pinduoduo surged on Tuesday after the People's Bank of China (PBOC) announced a sweeping stimulus package aimed at reviving the country's struggling economy. This marks the most aggressive intervention by China's central bank since the pandemic, designed to counter sluggish economic growth and reinvigorate key sectors, including real estate and technology.
  • UN Chief Guterres Condemns Global Impunity as Wars Rage in Ukraine, Gaza, and Sudan
    UN Chief Guterres Condemns Global Impunity as Wars Rage in Ukraine, Gaza, and Sudan
    United Nations Secretary-General António Guterres issued a stark warning to world leaders at the UN General Assembly on Tuesday, condemning the increasing number of governments and groups that act with impunity in conflict zones across the globe.
  • China Investigates Calvin Klein Parent Company PVH Over Alleged Boycott of Xinjiang Cotton
    China Investigates Calvin Klein Parent Company PVH Over Alleged Boycott of Xinjiang Cotton
    China's Ministry of Commerce has launched an investigation into PVH Group, the U.S.-based parent company of Calvin Klein and Tommy Hilfiger, over allegations that the company has engaged in discriminatory practices related to products sourced from China's Xinjiang region. T
  • China Unveils Largest Economic Stimulus Since Pandemic to Combat Deflation and Property Crisis
    China central bank will emphasize regulation, development of internet finance sector -state media
    China's central bank has launched its most aggressive stimulus package since the pandemic, aiming to jolt its faltering economy back on track amid growing concerns of a prolonged structural slowdown. The People's Bank of China (PBOC) on Tuesday announced a sweeping set of measures, including interest rate cuts and funding injections, in an effort to steer the world's second-largest economy towards its annual growth target of around 5%.
  • China’s Central Bank Cuts Repo Rate to Boost Liquidity Ahead of Economic Slowdown
    RENMINBI
    China's central bank, the People's Bank of China (PBOC), took action on Monday to ease liquidity pressures by cutting the interest rate on its 14-day reverse repurchase (repo) agreements and injecting cash into the financial system.
  • Zelenskyy Urges U.S. Action as Massive Drone Strikes Destroy Russian Ammunition Depots, Including North Korean Missiles
    Zelensky Urges UK's Starmer to Advocate for Long-Range Strike Capabilities
    Ukrainian President Volodymyr Zelenskyy is intensifying his appeal for increased U.S. military aid after Ukrainian drone strikes targeted key Russian arms depots, setting off massive explosions and destroying significant caches of ammunition, including missiles reportedly supplied by North Korea.
  • New Study Links COVID-19 Origin to Wuhan Animal Market, Strengthens Animal Spillover Theory
    Covid-19
    A recent study published in the journal Cell provides compelling evidence supporting the theory that the COVID-19 pandemic originated from the Huanan Seafood Market in Wuhan, China, likely through the transmission of the virus from animals to humans. This new analysis strengthens the argument that SARS-CoV-2, the virus that caused the global pandemic, emerged through a spillover event involving animals sold at the market, rather than a lab leak, a theory that has persisted in some circles.
  • 10-Year-Old Japanese Boy Stabbed to Death in China, Sparking Diplomatic Outcry and Calls for Increased Security
    10-Year-Old Japanese Boy Stabbed to Death in China, Sparking Diplomatic Outcry and Calls for Increased Security
    A 10-year-old Japanese schoolboy was fatally stabbed on Wednesday near his school in Shenzhen, China, marking the second such attack targeting Japanese nationals in recent months. The boy, a Japanese citizen born to a Japanese father and a Chinese mother, was attacked by a 44-year-old man, identified by his surname, Zhong, while on his way to school. He succumbed to his injuries early Thursday, according to officials in Tokyo and Beijing.
  • U.S. Typhon Missiles Stay in the Philippines, Testing Strategic Feasibility Despite China’s Protests
    U.S. Typhon Missiles Stay in the Philippines, Testing Strategic Feasibility Despite China’s Protests
    The United States has no immediate plans to withdraw the Typhon mid-range missile system from the Philippines, despite mounting Chinese opposition and increasing regional tensions.
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