In a diplomatic encounter, Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida met in San Francisco, emphasizing shared economic interests amid historical and recent tensions. The leaders acknowledged challenges such as China’s seafood ban and the arrest of a Japanese businessman. Kishida urged Xi to lift the ban and expedite the executive’s release, impacting trade ties. The talks …

Amid China’s deepening property crisis, economists are sounding alarms about the potential parallels with Japan’s lost decades. The specter of economic development “turning Japanese” looms large as China slid back into deflation in October, raising concerns about its economic trajectory for 2024 and beyond. The complexity of addressing this challenge is exacerbated by Beijing’s perception that time is on its …