An interview with a 26-year-old entrepreneur, who has taken seven trips to China to buy handbags, clothes and jewelry. “China is the center of everything,” she said.

Sanae Takaichi, a fan of Iron Maiden, had an improbable rise to power. Like her mentor, Shinzo Abe, she is expected to lead Japan to the right.

In Washington, China hawks say its economy is too weak to withstand a tariff shock. In the city of Yiwu, factories are showing why, for now, that may be a