US Ally Braces for Economic Blow From China
Travel
China is weaponizing tourism to punish Japan over Prime Minister Sanae Takaichi’s recent remarks on Taiwan. With Chinese travelers reportedly canceling trips in large numbers, one economist predicts the resulting losses could shave as much as 0.29 percent off Japan’s gross domestic product. Japan has experienced record levels of tourism since the end of COVID-era lockdowns, with arrivals increasing by 48 percent last year. Neighboring China is one of the largest sources of visitors, accounting
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