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

  • U.S. and China Clash Over Taiwan at Asia Defense Summit
    US China Relations
    The U.S. and Chinese defense chiefs engaged in a tense exchange over Taiwan during their first face-to-face meeting in two years at the Shangri-La Dialogue, Asia's premier defense summit, held in Singapore. Defense Secretary Lloyd Austin and China's Defense Minister Dong Jun met on the sidelines of the conference, emphasizing the need to keep military-to-military communications open despite their sharp differences.
  • China Reinstates Tariffs on 134 Taiwanese Goods, Escalating Economic Tensions
    DETERIORATING TIES
    China announced it would reinstate tariffs on 134 items imported from Taiwan, starting June 15. This move comes as part of Beijing's broader strategy to apply pressure on Taiwan, which China views as a breakaway province, amid increasing political and military frictions.
  • U.S. Treasury Issues Stern Warning to China Over Support for Russia
    U.S. Treasury Issues Stern Warning to China Over Support for Russia
    Deputy U.S. Treasury Secretary Wally Adeyemo emphasized that Chinese firms must choose between conducting business with Western economies or providing dual-use goods to Russia. Speaking in Berlin on Friday, Adeyemo stressed the importance of making it clear to Chinese companies that their actions will have significant consequences.
  • National Security Law Crackdown: Hong Kong's Largest Subversion Trial Convicts 14 Democracy Advocates
    Hong Kong protests
    A Hong Kong court convicted 14 pro-democracy activists on Thursday in what has become the city's most significant national security case.
  • Renewed Chinese Military Activity Near Taiwan Heightens Tensions as More U.S. Lawmakers Visit Taiwan
    DETERIORATING TIES
    Renewed Chinese military activity near Taiwan has been reported less than a week after Beijing concluded two days of war games. Taiwan's defense ministry announced on Wednesday that Chinese warships and warplanes were conducting "joint combat readiness patrols" around the island.
  • IMF Upgrades China's GDP Forecast to 5%, Warns of Long-term Risks
    China Plans To Ban Overseas IPOs For Tech Firms With Data Security Risks - Source
    The International Monetary Fund (IMF) has upgraded its forecast for China's economic growth this year to 5%, up from the previous estimate of 4.6%, citing a strong first quarter and recent policy measures aimed at stabilizing the economy.
  • China’s Third Big Fund Aims for Semiconductor Self-Sufficiency with $47.5 Billion Investment
    Semiconductor Manufacturing International Corp
    China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency. This move underscores President Xi Jinping's intensified drive to fortify China's semiconductor capabilities, especially amid escalating U.S. export controls designed to limit Beijing's access to advanced technology for potential military applications.
  • China Concludes War Games Around Taiwan Amid Escalating Tensions
    DETERIORATING TIES
    China wrapped up two days of intensive military exercises around Taiwan, simulating attacks with bombers and practicing ship boardings. The drills, named "Joint Sword - 2024A," began shortly after Lai Ching-te was inaugurated as Taiwan's president.
  • Lottery Win Turns Sour: Cousins Feud Over $1.3 Million Prize in China
    Lottery Win Turns Sour: Cousins Feud Over $1.3 Million Prize in China
    In Henan, China, a pair of cousins who once shared close quarters and co-owned a roasted chicken leg stall have fallen out over a lottery prize of 9.46 million yuan (approximately $1.34 million). Their close collaboration turned into a legal battle after the windfall.
  • Taiwan Mobilizes Forces in Response to Beijing's 'Punishment' Drills
    DETERIORATING TIES
    China commenced two days of extensive military exercises around Taiwan on Thursday, mere days after Lai Ching-te was inaugurated as Taiwan's new president. These maneuvers, labeled as "punishment" for what Beijing terms "separatist acts," highlight the escalating tensions in the Taiwan Strait.
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