10-26-2018, 10:49 PM
*** 27-Oct-18 World View -- China, facing Trump's trade challenge, appears to mend ties with Japan
This morning's key headlines from GenerationalDynamics.com
****
**** China, facing Trump's trade challenge, appears to mend ties with Japan
****
![[Image: g181026b.jpg]](http://Media.GenerationalDynamics.com/ww2010/g181026b.jpg)
Shinzo Abe and Xi Jinping (Kyodo News)
There have been numerous reports in the last three months that, with
the Trump administration imposing reciprocal tariffs on hundreds of
billions of dollars' worth of Chinese exports to the US, China has
been scrambling to find new markets for its exports.
One of those new markets appears to be Japan. As Japan's prime
minister Shinzo Abe visited China's capital city Beijing on Friday,
the two countries signed several deals, and declare a new era of
cooperation between the two countries.
China’s President Xi Jinping on Friday rolled out the red carpet for
Abe, and said:
<QUOTE>"Our relationship has encountered a lot of obstacles.
It was not a smooth ride. But with our joint effort, the
relationship has become more normalized. A healthy relationship
between China and Japan serves the basic interests of both
countries."<END QUOTE>
Abe responded by saying that he hoped his trip would elevate the
China-Japan relationship from competition to cooperation. "China and
Japan are neighbors and partners, and we will not be a threat to each
other."
One of the deals was a currency swap deal. Under the deal, the
People’s Bank of China and the Bank of Japan will be able to exchange
up to 3.4 trillion yen for 200 billion yuan (about $29 billion) and
vice versa over the next three years – a design that will help to
ensure financial stability and facilitate financial ties, and allow
commercial trade involving the two currencies without needing to go
through the US dollar as an intermediary.
The sides also signed about 50 agreements on boosting cooperation in
third-party countries, while companies agreed more than 500 business
deals. The third-party country deals are said to be cooperative
infrastructure projects related to China's Belt and Road Initiative
(BRI).
The two sides also agreed to open a hotline “as soon as possible” to
prevent accidental clashes at sea and in the air in the East China
Sea, where Chinese ships have been harassing Japanese ships near the
Senkaku Islands. South China Morning Post (Hong Kong) and Japan Today and South China Morning Post and Deutsche Welle
****
**** China and Japan's 'marriage of convenience' limited by bitter history
****
China and Japan have a long, bitter history going back centuries. In
recent times, the Sino-Japanese war (1894-95) was a major humiliation
for China, which was forced to cede Taiwan to Japan as a colony.
Even more recently, in December 1937 Imperial Japanese troops in China
perpetrated the Nanjing (Nanking) Massacre. This event, along with
the Japanese army's use of Korean and Chinese women as "comfort women"
during World War II. Japanese troops did not leave China until they
were defeated by the Americans at the end of World War II.
During the last ten years, Chinese ships have been constantly
harrassing Japanese ships around the Senkaku Islands. These islands,
in the East China Sea, are governed by Japan. Like many places
belonging to other countries across Asia, China is threatening to
annex them by force. However, this would trigger a war with the US
under a Japan-US mutual defense treaty.
China has its own concerns about Japan. Under Shinzo Abe, Japan has
all but abandoned its defense-only policy adopted after World War II,
and been strengthening its military for the first time in decades,
which China sees as a threat.
The hatred that many Chinese people viscerally feel for the Japanese
runs deep. There have been frequent anti-Japan protests in China.
One of the biggest occurred in 2012, when more than 70,000 Chinese
staged rallies Saturday in at least 28 cities to demand that Japan
surrender the Senkaku islands to China. The largest demonstration, in
Qingdao, Shandong Province, attracted as many as 30,000 people and
evolved into rioting as protestors torched as many as 10 Japanese
enterprises, including a Panasonic factory. The protests and violence
appeared to have the tacit approval of China's government.
The current rapprochement between China and Japan may be a marriage of
convenience, but the core issues separating the countries runs deep.
Generational Dynamics predicts that Japan and China will fight a new
generational crisis war as part of the Clash of Civilizations world
war that will pit the US, India, Russia and Iran versus China,
Pakistan and the Sunni Muslim countries. Deutsche Welle and National Interest and BBC and Diplomat
Related Articles
KEYS: Generational Dynamics, Japan, Shinzo Abe, China, Xi Jinping,
Senkaku Islands, Sino-Japanese war, Taiwan,
Nanjing Massacre, Nanking Massacre
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
This morning's key headlines from GenerationalDynamics.com
- China, facing Trump's trade challenge, appears to mend ties with Japan
- China and Japan's 'marriage of convenience' limited by bitter history
****
**** China, facing Trump's trade challenge, appears to mend ties with Japan
****
Shinzo Abe and Xi Jinping (Kyodo News)
There have been numerous reports in the last three months that, with
the Trump administration imposing reciprocal tariffs on hundreds of
billions of dollars' worth of Chinese exports to the US, China has
been scrambling to find new markets for its exports.
One of those new markets appears to be Japan. As Japan's prime
minister Shinzo Abe visited China's capital city Beijing on Friday,
the two countries signed several deals, and declare a new era of
cooperation between the two countries.
China’s President Xi Jinping on Friday rolled out the red carpet for
Abe, and said:
<QUOTE>"Our relationship has encountered a lot of obstacles.
It was not a smooth ride. But with our joint effort, the
relationship has become more normalized. A healthy relationship
between China and Japan serves the basic interests of both
countries."<END QUOTE>
Abe responded by saying that he hoped his trip would elevate the
China-Japan relationship from competition to cooperation. "China and
Japan are neighbors and partners, and we will not be a threat to each
other."
One of the deals was a currency swap deal. Under the deal, the
People’s Bank of China and the Bank of Japan will be able to exchange
up to 3.4 trillion yen for 200 billion yuan (about $29 billion) and
vice versa over the next three years – a design that will help to
ensure financial stability and facilitate financial ties, and allow
commercial trade involving the two currencies without needing to go
through the US dollar as an intermediary.
The sides also signed about 50 agreements on boosting cooperation in
third-party countries, while companies agreed more than 500 business
deals. The third-party country deals are said to be cooperative
infrastructure projects related to China's Belt and Road Initiative
(BRI).
The two sides also agreed to open a hotline “as soon as possible” to
prevent accidental clashes at sea and in the air in the East China
Sea, where Chinese ships have been harassing Japanese ships near the
Senkaku Islands. South China Morning Post (Hong Kong) and Japan Today and South China Morning Post and Deutsche Welle
****
**** China and Japan's 'marriage of convenience' limited by bitter history
****
China and Japan have a long, bitter history going back centuries. In
recent times, the Sino-Japanese war (1894-95) was a major humiliation
for China, which was forced to cede Taiwan to Japan as a colony.
Even more recently, in December 1937 Imperial Japanese troops in China
perpetrated the Nanjing (Nanking) Massacre. This event, along with
the Japanese army's use of Korean and Chinese women as "comfort women"
during World War II. Japanese troops did not leave China until they
were defeated by the Americans at the end of World War II.
During the last ten years, Chinese ships have been constantly
harrassing Japanese ships around the Senkaku Islands. These islands,
in the East China Sea, are governed by Japan. Like many places
belonging to other countries across Asia, China is threatening to
annex them by force. However, this would trigger a war with the US
under a Japan-US mutual defense treaty.
China has its own concerns about Japan. Under Shinzo Abe, Japan has
all but abandoned its defense-only policy adopted after World War II,
and been strengthening its military for the first time in decades,
which China sees as a threat.
The hatred that many Chinese people viscerally feel for the Japanese
runs deep. There have been frequent anti-Japan protests in China.
One of the biggest occurred in 2012, when more than 70,000 Chinese
staged rallies Saturday in at least 28 cities to demand that Japan
surrender the Senkaku islands to China. The largest demonstration, in
Qingdao, Shandong Province, attracted as many as 30,000 people and
evolved into rioting as protestors torched as many as 10 Japanese
enterprises, including a Panasonic factory. The protests and violence
appeared to have the tacit approval of China's government.
The current rapprochement between China and Japan may be a marriage of
convenience, but the core issues separating the countries runs deep.
Generational Dynamics predicts that Japan and China will fight a new
generational crisis war as part of the Clash of Civilizations world
war that will pit the US, India, Russia and Iran versus China,
Pakistan and the Sunni Muslim countries. Deutsche Welle and National Interest and BBC and Diplomat
Related Articles
- Chinese commemorate the 1937 Massacre at Nanking (Nanjing) (18-Dec-2007)
- Japan bolsters defenses as 1,000 Chinese fishing boats approach (18-Sep-2012)
- Huge Anti-Japan protests spread across China, turn violent (16-Sep-2012)
KEYS: Generational Dynamics, Japan, Shinzo Abe, China, Xi Jinping,
Senkaku Islands, Sino-Japanese war, Taiwan,
Nanjing Massacre, Nanking Massacre
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
