Ethan Zhao
Senior Reporter
The Latest
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China Advances Tech Self-Reliance, Phasing Out U.S. Chips and Software in Government PCs
Shares of semiconductor giants Intel and Advanced Micro Devices (AMD) dipped following reports that China will restrict the use of their chips in government computers. Shares of semiconductor giants Intel and Advanced Micro Devices (AMD) dipped following reports that China will restrict the use of their chips in government computers. -
China Mandates Quicker Loan Approvals to Rescue Private Developers - Report
China is pressing banks to expedite the approval process for new loans directed at the beleaguered private developers, marking a significant pivot in Beijing's strategy to bolster homebuyer confidence and stabilize a market critical to the nation's economic health. China is pressing banks to expedite the approval process for new loans directed at the beleaguered private developers, marking a significant pivot in Beijing's strategy to bolster homebuyer confidence and stabilize a market critical to the nation's economic health. -
PwC Faces Intense Scrutiny Over Evergrande Audit Amid $78 Billion Fraud Allegations
PricewaterhouseCoopers (PwC) is under scrutiny by Chinese authorities for its role in auditing China Evergrande Group amid allegations of a staggering $78 billion fraud involving the real estate giant, according to Bloomberg News. PricewaterhouseCoopers (PwC) is under scrutiny by Chinese authorities for its role in auditing China Evergrande Group amid allegations of a staggering $78 billion fraud involving the real estate giant, according to Bloomberg News. -
US Backs India in Territorial Dispute with China, Opposes Unilateral Attempts to Advance Claims
The United States has firmly rejected China's "unilateral attempts" to advance its territorial claims over the Indian state of Arunachal Pradesh, weighing in on the escalating dispute between New Delhi and Beijing. T The United States has firmly rejected China's "unilateral attempts" to advance its territorial claims over the Indian state of Arunachal Pradesh, weighing in on the escalating dispute between New Delhi and Beijing. T -
Hong Kong's New Security Law Sparks Concerns Over City's Future as Global Financial Hub
Hong Kong's passage of the controversial Article 23 security law has drawn sharp criticism from foreign governments, rights groups, and business leaders, who warn that the legislation could erode the city's status as a global financial hub and further undermine civil liberties. Hong Kong's passage of the controversial Article 23 security law has drawn sharp criticism from foreign governments, rights groups, and business leaders, who warn that the legislation could erode the city's status as a global financial hub and further undermine civil liberties. -
China Launches Queqiao-2 Relay Satellite to Support Ambitious Lunar Exploration Program
China has taken a significant step forward in its long-term lunar exploration program with the successful launch of the Queqiao-2 satellite on Wednesday. The 1.2-metric ton spacecraft, named after a mythological bridge made of magpies, will serve as a crucial communications link between ground operations on Earth and upcoming missions to the far side of the moon. China has taken a significant step forward in its long-term lunar exploration program with the successful launch of the Queqiao-2 satellite on Wednesday. The 1.2-metric ton spacecraft, named after a mythological bridge made of magpies, will serve as a crucial communications link between ground operations on Earth and upcoming missions to the far side of the moon. -
Hong Kong Legislature Unanimously Passes Sweeping New National Security Law
Hong Kong's legislature has unanimously passed a sweeping new national security law, known as Article 23, which critics and analysts warn will align the city's security laws more closely with those used on the Chinese mainland and deepen an ongoing crackdown on dissent. Hong Kong's legislature has unanimously passed a sweeping new national security law, known as Article 23, which critics and analysts warn will align the city's security laws more closely with those used on the Chinese mainland and deepen an ongoing crackdown on dissent. -
Ant Group Appoints Han Xinyi as President in Major Organizational Reshuffle
China's Ant Group, the financial technology giant founded by Jack Ma, is undergoing a significant organizational reshuffle, the biggest since its regulatory revamp last year. According to an internal email from Ant CEO and chairman Eric Jing, Han Xinyi will become the new president of the company, and several key business units will set up their own boards of directors to operate more independently. China's Ant Group, the financial technology giant founded by Jack Ma, is undergoing a significant organizational reshuffle, the biggest since its regulatory revamp last year. According to an internal email from Ant CEO and chairman Eric Jing, Han Xinyi will become the new president of the company, and several key business units will set up their own boards of directors to operate more independently. -
China Evergrande's Flagship Unit Accused of Inflating Revenue by $78 Billion, Founder Hui Ka Yan Banned for Life
China Evergrande Group founder Hui Ka Yan has been barred from the securities market for life and fined 47 million yuan ($6.53 million) after the China Securities Regulatory Commission (CSRC) accused the group's flagship unit, Hengda Real Estate, of inflating results, engaging in securities fraud, and failing to make timely disclosures. China Evergrande Group founder Hui Ka Yan has been barred from the securities market for life and fined 47 million yuan ($6.53 million) after the China Securities Regulatory Commission (CSRC) accused the group's flagship unit, Hengda Real Estate, of inflating results, engaging in securities fraud, and failing to make timely disclosures. -
Hong Kong Court Sentences 12 for 2019 Legislature Storming Amid Pro-Democracy Protests
A local court has handed down prison sentences to 12 individuals involved in the 2019 storming of the city's legislative council. A local court has handed down prison sentences to 12 individuals involved in the 2019 storming of the city's legislative council.