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Source: www.asiaecon.org |

CHINA AND JAPAN MEET, PLEDGE CLOSER TIES


Amidst of nuclear test threats by North Korea, Chinese Premier Wen Jiabao and Japanese Prime Minister Taro Aso has bridged their nations in terms of economic growth. Despite criticizing remarks by China last week in reference to a ritual offering of a potted tree at the Yasukuni shrine in Tokyo, China and Japan have sent a hopeful message. “Stable and friendly ties between the two neighbors suits the fundamental interests of the people of both countries,” the Chinese Premier said. Japanese Prime Minister Aso said earlier that swine flu was also likely to feature in his meetings with Chinese leaders. In addition, Aso made a trek to China to seek cooperation for the recovery by the global financial crisis. In several meetings, Jiabao has responded with positive reinforcement in dealing with the global financial crisis and regional economic growth.


Amidst of nuclear test threats by North Korea, Chinese Premier Wen Jiabao and Japanese Prime Minister Taro Aso has bridged their nations in terms of economic growth. Despite criticizing remarks by China last week in reference to a ritual offering of a potted tree at the Yasukuni shrine in Tokyo, China and Japan have sent a hopeful message. “Stable and friendly ties between the two neighbors suits the fundamental interests of the people of both countries”, the Chinese Premier said.  Japanese Prime Minister Aso said earlier that swine flu was also likely to feature in his meetings with Chinese leaders. In addition, Aso made a trek to China to seek cooperation for the recovery by the global financial crisis. In several meetings, Jiabao has responded with positive reinforcement in dealing with the global financial crisis and regional economic growth.  Wen discussed the stabilization of bilateral trade and investment, expanding cooperation in energy-saving and environmental sectors, increasing information and communication technology, better green economy and high-tech industries, and to cultivate new growth points.  Wen also proposed China and Japan to expand cooperation with members of the Association of Southeast Asian Nations, push forward substantial cooperation between China, Japan and South Korea, Promote the multi-lateralization of the Chian Mai Initiative and the construction of the Asian bond market.  The Chaing Mai Initiative, a bilateral currency swap arrangement to help countries tackle a possible foreign capital flow shortage has expanded to a regional foreign reserve pool. ASEAN, China, Japan, and South Korea have all agreed to inject 120 billion U.S. dollars into the reserve pool in case of a financial crisis.  The arrangement of the Chiang Mai Initiative could possibly tackle the foreign capital flow shortage the two countries are currently facing.  “While facing global challenges, all countries should work hand in hand, and China will consecutively play its positive and constructive role,” Wen told Aso.  Aso responded by promoting important responsibility and influence for the peace and stability of Asia and the world. He continued, promoting the idea that China and Japan should step up contact and coordination on not only the promotion of peace and stability, but also on regional and international affairs, harmony, and prosperity of the world.  Despite the promotion of friendly ties between two countries, improvements in the relationship between China and Japan have not come so easily.  China froze high-level exchanges for five years, earlier this decade due to the rising anti0Japanese sentiment. In 2005, a street protest erupted, including attacks on Japanese diplomatic missions in Beijing and Shanghai. These protests were prompted largely by past visits to Tokyo’s Yasukuni Shrine; seen as a symbol of Japan’s militaristic past. Despite accusations by many Koreans and Chinese of not fully facing up to its wartime atrocities, ties have largely recovered. positive.  Source: www.AsiaEcon.org Please send comments and constructive suggestions to feedback@AsiaEcon.org

Source: www.asiaecon.org |


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