Japanese department stores and hotels in the Kansai region, reputed for their long-time business cooperation with Chinese counterparts, are quickly distancing themselves from Chinese influence. Changes, prompted by the tense geopolitical situation and an increasing desire to diversify their business interests, have been seen in recent times. No exact timeline or specific establishments are mentioned in the article.
Chinese tourism and investment have been a significant part of Japan's economy, but the ongoing geopolitical tensions and local sentiments have furthered a reevaluation of the economic dependence on China. There is a strong emphasis on maintaining domestic business integrity while diversifying and strengthening international business relationships.
In the U.S. and EU, a similar trend has been observed with businesses reconsidering their links with China due to political tensions, human rights concerns, and emphasis on national security. However, counterbalancing such moves are economic realities and market forces.