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 Europe at Odds Over Israeli Ground Offensive Amid Palestinian Conflict
    HAPPY
    Starting Thursday, Israel's Prime Minister, Defense Minister, and military commanders hinted at a "soon-to-come" ground offensive in Gaza. On Friday, Israeli Defense Minister Gantz unveiled a three-phase plan for military operations in Gaza.
  • OpenAI in Talks to Sell Shares at $86 Billion Valuation: A Boon for Long-Term Employees or a Strategic Shift?
    Italy Bans ChatGPT Amid Privacy Concerns and Investigations
    OpenAI is reportedly in talks to allow current employees to sell their shares at an estimated valuation of $86 billion. However, OpenAI hasn't finalized the allocation details, and the terms might change.
  • Turbulence in China’s Real Estate: Country Garden Faces Payment Delays and Stalled Overseas Ventures
    REAL ESTATE
    In a new twist to China's tumultuous real estate sector, leading property developer Country Garden has failed to make a $15 million coupon repayment. This lapse has raised alarms, with sources revealing that bondholders, anxious about potential defaults, are now pushing for immediate discussions with the developer.
  • China's Q3 GDP Surges to 4.9%, Outpacing Market Predictions
    STRONG GDP
    China's economic performance in the third quarter of 2023 has surpassed market expectations, with a robust 4.9% growth year-on-year, according to data released by China's National Bureau of Statistics. This growth rate, which outpaces the anticipated 4.6% as per a Reuters poll, has ignited optimism that the world's second-largest economy is on track to achieve Beijing's annual target.
  • UK Eyes Strengthened Economic Ties with China: Key Trade Talks on the Horizon?
    Prime Minister Rishi Sunak
    Last November, UK Prime Minister Sunak delivered his inaugural foreign policy speech, asserting that the "golden era" of UK-China relations had come to an end. He criticized the strategies of previous UK governments towards China and firmly opposed a short-term gains approach in policies concerning China.
  • China Tightens Overseas Travel Restrictions for Bankers and State Workers Amid Foreign Influence Concerns
    China Securities Regulatory Commission
    China has significantly tightened restrictions on overseas travel for its civil servants and employees of state-linked enterprises. This decision, which is not related to the ongoing COVID-19 pandemic, is based on official notices and insights from over a dozen individuals familiar with the situation.
  • France Heightens Anti-Terror Alert Amid Surge in Attacks
    SUPPORT
    France's security situation has escalated. On October 13, a knife attack occurred at Gambetta High School in the northern city of Arras, resulting in the death of a teacher and serious injuries to two others. Classes resumed at the school on the 16th, but a bomb threat in the morning led to the emergency evacuation of over a hundred students and staff.
  • India Tightens Restrictions on Business Projects from "Hostile Nations" Including China
    Modi
    Reports from Indian media state that the Modi government has further tightened regulations, explicitly prohibiting companies from "hostile nations" with land borders, such as China and Pakistan, from directly participating in any commercial projects in India. It's reported that the Department for Promotion of Industry and Internal Trade (DPIIT) has conveyed this directive to state governments via official letters.
  • China Tightens Offshore Trading Rules, Restricting New Mainland Clients
    China Securities Regulatory Commission
    In a move that underscores China's increasing scrutiny over capital outflows and its commitment to stabilizing its currency, the country has issued a directive prohibiting domestic brokerages and their overseas units from accepting new mainland clients for offshore trading. This unprecedented step has been confirmed by multiple sources and is based on an official document that was recently made available to Reuters.
  • China's Marriage Trends: Delayed Nuptials and Rising Singlehood Among Low-Educated Men
    Chinese New Year
    Following China's first negative population growth in nearly 60 years, the reasons for the continued decline in fertility levels have become a focal point of academic discussion. Beyond the widely noted decrease in the total fertility rate, the trend of delayed childbearing is also significant.
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