Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He is the 2014 recipient of the Vaughn-Ueda International Journalist prize for international reporting.
TOKYO -- In a Lunar New Year tradition that dates back centuries, the Chinese people visit their superiors and offer greetings. Called "bainian," the visitor always comes bearing gifts.