The about-face on K-pop represents a "structural turning point" for the sector, according to Oh Jiwoo, research analyst at CGS International Securities Hong Kong.
As Beijing signals its readiness to engage in talks with the Trump administration, reaching a comprehensive deal will be a complex and time-consuming endeavor.
The about-face is as a "structural turning point" for the sector, aimed at not only combating tariffs, but also promoting domestic consumption, analysts say.
Tourism could comprise 10% of Mongolia's GDP if the country can attract 2 million annual tourists by 2030, the country’s tourism minister told CNBC Wednesday.