Latest news with #KoheiFujimura
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
China trade with North Korea jumps as neighbors rebuild economic ties
A truck crosses the border between Dandong, China, and North Korea. Trade between the two countries was up roughly 30% on the year in the first half of 2025. (Photo by Kohei Fujimura) KOHEI FUJIMURA and YUKIO TAJIMA DALIAN, China/BEIJING -- Economic exchanges between China and North Korea are picking up, with cross-border train service set to resume and bilateral trade between January and June jumping roughly 30% on the year. China's exports to North Korea in the first half of 2025 grew 33% on the year to $1.05 billion, while imports rose 20% to $210 million, Chinese government data released Friday shows.
Nikkei Asia
08-07-2025
- Politics
- Nikkei Asia
China faces austerity dilemma as dining crackdown risks economic hit
China's People's Daily newspaper published an opinion piece in defense of normal dining out. (Photo by Kohei Fujimura) KOHEI FUJIMURA DALIAN, China -- Efforts by the ruling Chinese Communist Party to stop public officials from splurging on lavish meals are being taken further than intended, fueling concern about the impact on the restaurant industry. The Chinese authorities in mid-May updated rules aimed at encouraging frugality and preventing waste and corruption, a longtime goal of President Xi Jinping's government. The regulations ban party members and government officials from providing high-end food, alcohol or cigarettes at official receptions.
