Tokyo markets jumping in their first trading day after new data flagged a bright outlook for manufacturers.
Across Asia, major markets are kicking off 2017 on a solid note, with economic growth still expected to outpace other parts of the world.
But behind the solid start, there are growing concerns in a region economically dominated by China.
Asian markets are riding the tailwind of a blazing Wall Street rally right now.
But with just over two weeks until Donald Trump becomes the next President of the United States, many investors are worried about what could happen if he moves ahead with plans to slap heavy tariffs on Chinese goods.
A trade war between the US and China could have a destabilizing effect across Asia, with the world's second largest economy powered by manufacturing and trade.
A massive range of western household names - from Korea's Samsung TV's to Apple iphones - are produced in China and any impact there could have serious consequences.
China's currency is already limping behind the rising U.S. dollar, and the country's huge stash of foreign reserves is likely to fall below 3-trillion dollars - its lowest point in more than a decade.
So far markets are taking threats of a trade war in their stride, focusing instead on the nuts and bolts of earnings.
But in time, the threats and harsh words predicted by many could send worrying ripples across the economic landscape.

Tokyo markets jumping in their first trading day after new data flagged a bright outlook for manufacturers.
Across Asia, major markets are kicking off 2017 on a solid note, with economic growth still expected to outpace other parts of the world.
But behind the solid start, there are growing concerns in a region economically dominated by China.
Asian markets are riding the tailwind of a blazing Wall Street rally right now.
But with just over two weeks until Donald Trump becomes the next President of the United States, many investors are worried about what could happen if he moves ahead with plans to slap heavy tariffs on Chinese goods.
A trade war between the US and China could have a destabilizing effect across Asia, with the world's second largest economy powered by manufacturing and trade.
A massive range of western household names - from Korea's Samsung TV's to Apple iphones - are produced in China and any impact there could have serious consequences.
China's currency is already limping behind the rising U.S. dollar, and the country's huge stash of foreign reserves is likely to fall below 3-trillion dollars - its lowest point in more than a decade.
So far markets are taking threats of a trade war in their stride, focusing instead on the nuts and bolts of earnings.
But in time, the threats and harsh words predicted by many could send worrying ripples across the economic landscape.

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• 1.

  Where are major markets kicking off 2017 on a solid note?

  a) in Africa

  b) in Asia

  c) in Europe
• 2.

  Where is economic growth expected to outpace other parts of the world?

  a) South America

  b) Europe

  c) Asia
• 3.

  What are Asian markets riding now?

  a) tailwind of increase in interest rates

  b) tailwind of a blazing Wall Street

  c) tailwind of currency appreciation
• 4.

  What are investors in Asia worried about?

  a) Donald Trump

  b) natural disasters

  c) globalization
• 5.

  What could have a destabilizing effect across Asia?

  a) a trade war between Russia and China

  b) a trade war between the US and China

  c) a trade war between OPEC and Israel

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