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

  • Germany Sends Strong Message to China with First Warship Passage Through Taiwan Strait in Decades
    ALIGNING WITH CHINA
    Germany has sailed two warships through the Taiwan Strait for the first time in over two decades, signaling a clear stance on international navigation rights in a region fraught with tension. The frigate Baden-Württemberg and the support ship Frankfurt am Main transited the strategically sensitive waters on Friday, demonstrating Berlin's resolve to support Western allies amid escalating tensions between Taipei and Beijing.
  • U.S. Imposes 100% Tariffs on Chinese Electric Vehicles Starting Sept. 27
    China US Trade Talks
    The Biden administration on Friday confirmed substantial tariff increases on a range of Chinese imports, including a 100% duty on electric vehicles (EVs), in a strategic move to bolster domestic industries against China's state-supported production surge. The U.S. Trade Representative (USTR) announced that many of these tariffs will take effect on September 27, marking a significant escalation in trade tensions between the world's two largest economies.
  • China Suspends PwC for Six Months, Levies Record Fine Over Evergrande Audit Failures
    China Suspends PwC for Six Months, Levies Record Fine Over Evergrande Audit Failures
    Chinese regulators have imposed a six-month business suspension on PricewaterhouseCoopers' (PwC) mainland China unit and levied a record fine of 441 million yuan ($62 million) over the firm's audit of the troubled property developer China Evergrande Group. The penalties mark the toughest action taken against a Big Four accounting firm in China to date.
  • China’s Retirement Age Set to Increase Amid Demographic Challenges
    China
    China will begin raising the retirement age for workers starting next year, aiming at addressing its aging population and shrinking workforce. The new policy, which was approved by the Standing Committee of the National People's Congress, marks the first adjustment to the retirement age since the 1950s.
  • Beijing Vows Retaliation as U.S. House Passes Bill Targeting Hong Kong’s Autonomy
    China US
    The U.S. House of Representatives has passed a bipartisan bill that could lead to the closure of Hong Kong's trade offices in the United States, escalating tensions between Washington and Beijing. The legislation, known as the Hong Kong Economic and Trade Office Certification (HKETO) Act, was approved with overwhelming support on Tuesday, sparking strong condemnation from both the Hong Kong government and Beijing.
  • 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.
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