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 Sanctions Former U.S. Lawmaker Mike Gallagher Over Taiwan Support
    China Sanctions Former U.S. Lawmaker Mike Gallagher Over Taiwan Support
    Beijing announced on Tuesday that it has imposed sanctions on former U.S. Representative Mike Gallagher. The Chinese government cited Gallagher's actions and statements, which they claim interfered in China's internal affairs, as the reasons for these punitive measures.
  • China's Fiscal Revenue Decline Highlights Economic Struggles Amid Property Sector Weakness
    China will deepen reforms of loan prime lending rate - central bank official
    China's fiscal landscape showed signs of strain as fiscal revenue declined by 2.7% in the first four months of 2024 compared to the same period last year.
  • China's Property Rescue Measures Fall Short, Leaving Market in Limbo
    CHINA
    Despite being hailed as "historic" steps, the efforts appeared insufficient to instill confidence and drive a sustainable recovery in the market. The Hang Seng Mainland Properties Index dipped 0.7%, erasing some of the gains accrued earlier in the month following the Politburo's pledge to coordinate efforts to reduce housing inventory.
  • Taiwan's New President Calls for Peace, Urges Beijing to End Military Threats
    Taiwan's New President Calls for Peace, Urges Beijing to End Military Threats
    Taiwan's new president, Lai Ching-te, has called on China to cease its political and military intimidation against the island and to engage in dialogue rather than confrontation. Sworn in on Monday, Lai emphasized Taiwan's unwavering commitment to democracy and freedom, stating that there can be no concessions on these core values.
  • China Unveils 1 Trillion Yuan Rescue Package for Crisis-Hit Property Sector
    Chinese property developers' ability to repay debt hits decade low
    China has announced a comprehensive rescue package for its crisis-stricken property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, while local governments are set to buy "some" unsold apartments.
  • Putin and Xi Reaffirm 'No-Limits' Partnership as Russia Launches New Ukraine Offensive
    Putin and Xi Reaffirm 'No-Limits' Partnership as Russia Launches New Ukraine Offensive
    Russian President Vladimir Putin and Chinese leader Xi Jinping pledged to deepen their "no-limits" partnership during a Beijing summit on Thursday, as both countries face growing tensions with the United States and its allies. The largely symbolic visit, which coincided with Russia's new offensive in northeast Ukraine's Kharkiv region, underscored the strengthening ties between Moscow and Beijing in the face of Western pressure.
  • China Accuses U.S. of "Bullying" as Biden Announces $18 Billion in Tariff Hikes
    U.S. has reached out to China about cutting oil imports from Iran, officials say
    The Biden administration has announced plans to significantly increase tariffs on a range of Chinese imports, a move that has elicited sharp criticism from Beijing and promises of retaliation.
  • China Reasserts Sovereignty as Filipino Fishermen Challenge Claims in Disputed Reef
    South China Sea
    Filipino fishermen and activists sailed to the contested Scarborough Shoal in the South China Sea, challenging China's assertions of sovereignty over the disputed area. This move comes amidst heightened tensions and increasing confrontations between the Philippines and China over territorial claims.
  • China Vows Retaliation as Biden Increases Tariffs on Chinese Imports
    U.S., China must manage 'intense competition', top Biden adviser says
    U.S. President Joe Biden announced substantial increases in tariffs on a range of Chinese imports. The new tariffs, unveiled on Tuesday, target $18 billion worth of goods including electric vehicles (EVs), semiconductors, and medical products. China responded swiftly and strongly to the new measures.
  • Biden Imposes Hefty Tariffs on Chinese Imports to Bolster U.S. Manufacturing
    Biden Labels Xi Jinping a Dictator, Straining US-China Relations Post-Summit
    U.S. President Joe Biden has announced significant tariff increases on a range of Chinese imports, including electric vehicles (EVs), semiconductors, and other critical goods. This decision comes amid ongoing trade tensions and national security concerns.
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