As Shinzo Abe’s government bets it all on Donald Trump’s America, there’s new evidence that Xi Jinping’s China holds far more promise.
The idea that Asia’s biggest economy is a boon for Abe’s deflation-plagued population is hardly revolutionary. But historical animus and vast wage-level disparities have long kept the region’s two commercial powers apart. But a new survey from the Japan External Trade Organization, covering about 3,000 firms, finds that nearly 9 percent of those that either moved jobs to China, or planned to, are coming back to Japan.
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