Beijing-Tokyo diplomatic feud dims Japan’s allure for Chinese wealth and talent
Popular destination for capital feels the chill, with cruise lines cancelling trips, investors selling property and parents questioning if it is safe to send students
Some of China’s affluent middle class is unwinding bets on Japan, cashing out in real estate and shelving migration plans as a diplomatic stand-off invites a wait-and-see mood on the once-hot destination for capital and talent.
Liang Bo, a long-time consultant for studying abroad in Japan, said the most frequent question from Chinese parents in recent weeks is simple: “Is it still safe to study in Japan?”
“Studying abroad and investing require long-term planning,” Liang said. “There’s no need to rush. We still have a few months to observe how things develop.
The anxiety has spilled into the investment sector.