On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term.
Japan's Nikkei 225 futures pointed to a stronger open for the market. The futures contract in Chicago is currently at 40,260 and its counterpart in Osaka last traded at 40,480 compared to the index's previous close of 39,931.98.
Why it matters: Trump said last month he exchanged messages with Xi after winning the election but didn't confirm they spoke. The president-elect has promised to implement aggressive tariffs on imports from China and could also be forced to determine the fate of TikTok upon taking office.
Korean Air will initially fly its long-range A350-900s on short-haul flights to Japan before flying to Europe later in the year.
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China's Lunar New Year travel period, known as Chunyun in Chinese, is the world's largest annual migration of people that will see up to 9 billion domestic trips over a 40-day period. While the majority of travel takes place by road, air travel is still a significant part of the experience.
Data published by China’s General Administration of Customs website last week underscores this reality: China exported $178 billion worth of goods to Africa but imported only $116 billion, primarily in raw materials. This leaves Africa with a trade deficit of nearly $62 billion.
Scientists in China have manipulated embryonic stem cells to create laboratory mice with two male parents that managed to live to adulthood – though with significant developmental abnormalities – in what they are calling a noteworthy achievement in mammalian genetic engineering.
Department store sales in Japan in 2024 totaled 5.75 trillion yen, surpassing the pre-coronavirus pandemic levels of 2019 amid inbound tourism boom, data by an industry body showed Friday. Sales on a same-store basis increased 6.
Japan is known as the 'Land of the Rising Sun.' The reason is due to its location, which is to the east of the Asian continent.
Brookfield Asset Management Ltd. said it plans to ramp up real estate investments in Japan after buying a stake in a landmark Tokyo hotel and a large plot of land for logistics development in deals worth a combined $1.
There are still no prospects of a full recovery for the Chinese economy, which has continued to stagnate. If the new U.S. president, Donald Trump, implements a wave of high tariffs, China could become a risk factor for the global economy.