The Beijing music venue DDC canceled a Japanese artist’s performance amid escalating tensions between China and Japan. Other Japanese concerts in China have also been canceled or postponed this week. China’s actions are in response to Japan’s support for Taiwan against Beijing’s claims. Chinese ministries warned citizens against traveling to Japan and studying there, threatening countermeasures. The dispute could impact Japan’s GDP and various industries, including music and seafood imports.

China’s abrupt policies create uncertainty for businesses, with reports of a ban on Japanese seafood imports and cancellations of Japanese concerts and movie releases. The lack of predictability makes planning difficult for international music performances in China. The risk is that Beijing’s actions could reinforce anti-China sentiment in Japan, affecting future trade relations. The uncertainty is hurting business and discouraging foreign musicians from booking shows in China due to instability. Chinese policymakers are promoting live events to stimulate consumption and boost the economy, but other priorities may complicate matters. Diplomacy is being overshadowed by cultural engagement, leading to trust issues that are difficult to repair. This trend is impacting bilateral relationships globally.

Read more at CNBC

1. The US economy added 943,000 jobs in July, exceeding expectations. Unemployment rate fell to 5.4%, lowest since the start of the pandemic. Wages also grew, pointing to a strong recovery.

2. Apple plans to scan iPhones for child abuse images. The company says it will protect user privacy by using a system that flags photos before they are stored in the cloud.

3. Amazon reports its third straight record quarterly profit, driven by strong e-commerce sales and cloud computing demand. The company’s revenue reached $113.08 billion, beating analysts’ estimates.

4. The CDC urges pregnant women to get vaccinated against Covid-19, as new data shows increased risk of severe illness. Only 23% of pregnant women have received at least one dose.: China is abruptly canceling Japanese music concerts as tensions simmer