Japan-China relations: confrontation with a smile | European Council on Foreign Relations
On May 2, the Center for East Asia Policy Studies at Brookings will host a panel of distinguished Japanese politicians for a discussion on U.S.-Japan trade relations of Prime Minister Abe to build a good relationship with his American is a potential trade war between the United States and China, and the. A new norm in China–Japan relations? visit will continue his administration's foreign policy rebalance between China and the United States. in overseas infrastructure financing and high-speed rail (HSR) construction. The rising momentum toward improvement in Japan-China ties and There are economic and political aspects to be discussed in judging the.
This month, the leaders of Japan, China and South Korea displayed cooperative and amicable postures. The initial momentum, created at the North-South summit, contributed to the second round of momentum in the trilateral summit in Tokyo.
Dialogue and cooperation has now become mainstream in East Asian countries. Will this momentum continue and lead to sustainable stability in the region?
Let me focus on the momentum for improvement in Japan-China relations. There are economic and political aspects to be discussed in judging the development of the relationship between the two great powers in East Asia. These aspects have optimism and pessimism as well as expectations and skepticism. First is the economic aspect. The two countries are faced with uncertainty and risk in the midst of trade friction with the U.
Strengthening economic ties between Japan and China would benefit both countries.
Japan-China relationship is on the mend | The Japan Times
During the summits they shared an understanding of the importance of free trade. Almost half of all overseas operations set up by Japanese companies are located in China. They would increase their enthusiasm and expectations for expanded business opportunities if renewed cooperation in various fields between the two governments strengthen bilateral economic ties.
However, as European and U.
Even though Japan and China agreed to accelerate negotiations for a free trade agreement between them and South Korea, and for the Regional Comprehensive Economic Partnership RCEPthey must overcome substantial differences in their positions.
Japan has sought high-level standards of liberalization, such as substantial tariff reductions and thorough protection of intellectual property rights incorporated in the Japan-led Trans-Pacific Partnership. Amid the trade turbulence, it is necessary for the largest trading country to demonstrate the political will to achieve higher standards of liberalization for the sake of sustainable economic growth both for it and the world.
We are entering the fourth industrial revolution.
It is a hybrid industry of the digital and real economy — artificial intelligence, robotics, big data, 3-D printing, new materials and biotechnology. The nation that is most innovative and adopts emerging technologies will be the next global economic leader. Major economies will compete to win this historic race for innovation in the coming decade.
China will take advantage of its state capitalism as symbolized by its Made in China policy. Tech transfers as a condition of foreign direct investment must be rolled back.China And Mexico: A Forced Friendship
Yet at sea, only the multilateral Code for Unplanned Encounters at Sea works effectively. So far, the mechanism conceived to help manage Sino-Japanese tensions has been a formal exercise deprived of substance.
On the economic front, the relationship between Tokyo and Beijing also tilts toward confrontation. Paying lip service to the Belt and Road Initiative may win Japan some business contracts on infrastructure projects involving Chinese companies. A newly established Sino-Japanese committee is considering plans to build a high-speed railway system in Thailand — a project that until recently was a symbol of the competition between the two countries.
A healthier mixture of cooperation and competition between China and Japan would benefit Asia, especially if it is driven by business interests and market considerations. However, Japanese leaders think of such infrastructure projects in terms of strategic interests and the balance of influence.
Economic relations with China | The Japan Times
For now, Japan remains the only country that consistently dares to compete with China for connectivity projects, offering an alternative to countries in the developing world. Mutual business interests are very unlikely to truly transform the relationship. This article appeared originally on 28 September in RealClearWorld.
- Economic relations with China
- Japan-China relations: confrontation with a smile
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