Ethan Zhao
Senior Reporter
The Latest
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Study Reveals 45% of China's Major Cities Sinking, Putting Millions at Risk of Flooding
A new study published in the journal Science has revealed that nearly half of China's major cities are experiencing "moderate to severe" levels of subsidence, putting millions of people at risk of flooding, especially as sea levels continue to rise due to climate change. 
A new study published in the journal Science has revealed that nearly half of China's major cities are experiencing "moderate to severe" levels of subsidence, putting millions of people at risk of flooding, especially as sea levels continue to rise due to climate change. -
China Cracks Down on 8.3 Million Debt Defaulters with Strict Travel and Lifestyle Restrictions - Report
China is cracking down on its growing debt crisis by imposing severe penalties on 8.3 million individuals who have failed to settle their debts. The government's delinquency blacklist has swelled by nearly 50% since late 2019, leading to stringent measures that restrict defaulters' access to high-speed rail travel, luxury accommodations, and even vacations. 
China is cracking down on its growing debt crisis by imposing severe penalties on 8.3 million individuals who have failed to settle their debts. The government's delinquency blacklist has swelled by nearly 50% since late 2019, leading to stringent measures that restrict defaulters' access to high-speed rail travel, luxury accommodations, and even vacations. -
China-EU Trade Tensions Escalate, Risking Full-Blown Trade War, Warns European Chamber President
The president of the European Chamber in China, Jens Eskelund, has warned that rising protectionism between China and Europe threatens to escalate into a full-scale trade war, likening the situation to a "slow motion train accident." Eskelund's comments come on the heels of German Chancellor Olaf Scholz's three-day tour of China, during which he conveyed European concerns about Beijing's investment policies and pushed for improved market access. 
The president of the European Chamber in China, Jens Eskelund, has warned that rising protectionism between China and Europe threatens to escalate into a full-scale trade war, likening the situation to a "slow motion train accident." Eskelund's comments come on the heels of German Chancellor Olaf Scholz's three-day tour of China, during which he conveyed European concerns about Beijing's investment policies and pushed for improved market access. -
China Scrambles Fighter Jets to Monitor US Navy Plane in Taiwan Strait
A U.S. Navy P-8A Poseidon maritime patrol and reconnaissance plane flew through the Taiwan Strait on Wednesday, just hours after a rare phone call between U.S. Defense Secretary Lloyd Austin and Chinese Defence Minister Dong Jun. 
A U.S. Navy P-8A Poseidon maritime patrol and reconnaissance plane flew through the Taiwan Strait on Wednesday, just hours after a rare phone call between U.S. Defense Secretary Lloyd Austin and Chinese Defence Minister Dong Jun. -
India Delays Paytm's $6 Million Investment Over Chinese Ownership Concerns
Paytm, one of India's leading digital payment providers, has hit a regulatory roadblock with the Indian government deferring approval for a significant investment into its Paytm Payment Services arm. 
Paytm, one of India's leading digital payment providers, has hit a regulatory roadblock with the Indian government deferring approval for a significant investment into its Paytm Payment Services arm. -
China Urges Hong Kong to Prioritize National Security for Economic Growth
China's top official on Hong Kong affairs, Xia Baolong, has called on the city to "tightly hold" onto the bottom line of national security to safeguard its development. In a speech marking an annual national security day, Xia, the director of Beijing's Hong Kong and Macau Affairs Office, emphasized the importance of maintaining stability to ensure Hong Kong's continued prosperity. 
China's top official on Hong Kong affairs, Xia Baolong, has called on the city to "tightly hold" onto the bottom line of national security to safeguard its development. In a speech marking an annual national security day, Xia, the director of Beijing's Hong Kong and Macau Affairs Office, emphasized the importance of maintaining stability to ensure Hong Kong's continued prosperity. -
Russia and China Reportedly Skirt Sanctions with Copper Disguised as Scrap
Russia and China have been engaging in a deceptive practice by trading newly manufactured copper wire rod disguised as scrap metal, according to investigations and multiple sources familiar with the operations. 
Russia and China have been engaging in a deceptive practice by trading newly manufactured copper wire rod disguised as scrap metal, according to investigations and multiple sources familiar with the operations. -
Hong Kong Advances Spot-Crypto ETFs, Eyes Financial Hub Status
Hong Kong has taken significant steps towards establishing itself as a global digital-asset hub by conditionally approving the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), setting the stage for what could be a major shift in the cryptocurrency landscape in Asia. 
Hong Kong has taken significant steps towards establishing itself as a global digital-asset hub by conditionally approving the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), setting the stage for what could be a major shift in the cryptocurrency landscape in Asia. -
China Directs Telecom Giants to Replace Foreign Chips by 2027, Impacting U.S. Chipmakers Intel and AMD
China has dealt a fresh blow to U.S. chipmakers Intel and Advanced Micro Devices (AMD) by directing the country's largest telecom carriers to phase out foreign chips from their networks by 2027, according to a report by the Wall Street Journal on Friday. 
China has dealt a fresh blow to U.S. chipmakers Intel and Advanced Micro Devices (AMD) by directing the country's largest telecom carriers to phase out foreign chips from their networks by 2027, according to a report by the Wall Street Journal on Friday. -
China Vanke's Stocks and Bonds Dip Following Downgrade and Executive Probe
In a tumultuous week for China Vanke, shares and bonds of the property giant took a hit following a downgrade by S&P and the revelation that a company executive is under investigation. The Shenzhen-listed stock of China's second-largest developer by sales fell 1.8%, hitting its lowest point since May 2014, while its Hong Kong shares also dipped to a record low. 
In a tumultuous week for China Vanke, shares and bonds of the property giant took a hit following a downgrade by S&P and the revelation that a company executive is under investigation. The Shenzhen-listed stock of China's second-largest developer by sales fell 1.8%, hitting its lowest point since May 2014, while its Hong Kong shares also dipped to a record low.
