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Sino- japanese economical relations

Sino- japanese economical relations. Annapurna team. Thursday, 17 th December. Geographical situation. Geographical situation. Contents. China-Japan: a freezing hot relationship China vs Japan for the leadership in Asia Pacific. China-Japan: A freezing hot relationship.

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Sino- japanese economical relations

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  1. Sino- japanese economical relations Annapurna team Thursday, 17th December

  2. Geographical situation

  3. Geographical situation

  4. Contents • China-Japan: a freezing hot relationship • China vs Japan for the leadership in Asia Pacific

  5. China-Japan: A freezing hot relationship

  6. The relationship • Neighbours • Tense • Economical • Japan is the first donor and investor in China • China imports are mainly Japanese • Complementary countries

  7. Overcoming historical problem • History is a problem in the Japan-China relationship • Nanking Massacre (or incident), Comfort women, abandoned chemical weapon, … • A lot of action from Japanese side. • Reference from Germany-France relationship since WWII • Not only heads of country but also people

  8. History or not history? • 1978: China-Japan peace and friendship treaty • China and Japan were often not equally powerful • First China, than Japan • Now both are being equally powerful • If history: whose fault?

  9. Japan’s FDI stocks abroad

  10. FDI inflow to China • And the two economies are quite complementary - Japan likes China's cheap manufactured goods while China likes Japan's hi-tech. (BBC) • Japan accounts for 60% of all the bilateral aid provided to China

  11. Tensions increase business • China is a large polluter • Japan can provide technological support and expertise

  12. View from Financial Times US-Japan: An easy marriage becomes a ménage à trois. China’s rise is forcing Japan to become more of an Asian and less of a western nation. PhillipStephen

  13. China vs Japan for the leadership in pacific Asia

  14. Rivalries between China & Japan about the leadership on Asia • Two different doctrines • Peaceful development for China • Standardization for Japan

  15. Chinese peaceful development • Develop China’s economy and military power + 14,9% in 2009 (M€56) vs 2,3% for France • Huge economic growth  social gap Solution: Nationalism

  16. Japanese’s standardization • Play a bigger role on the international scene  Accede to the UN Security Council  Development of defense’ credits • While keeping a strong alliance with the US

  17. Economical domination of Japan • Japanese GDP accounts for 3 times more than Chinese one and 60% of Eastern Asia • Industrial, financial and economical hegemony --> Innovation & High Tech --> Efficient production --> Healthy financial system --> 1st foreign investor in Asia --> 4/5 of foreign companies in Asia are Japanese

  18. Difficult perspectives • Japanese’ economy is mature • Huge debt of the private sector • Little domestic market compared to China • Ageing of the population: 22% above 65 YO

  19. Chinese’ strengths • Average growth de 8% for the last 5 years • Massive foreign investments • Cheap workforce  competitiveness • Weak currency • China is a member of the UN security council • China has the nuclear bomb • Leader in ASEAN

  20. Chinese’ weaknesses • Social gap • Very costly social security program • Technology dependent • Raw materials

  21. As a conclusion…

  22. Source • A new Chapter in Japan-China Relations –Towards co-existence and co-development that overcome history. Institute for International Policy Studies. April 23, 2003 • Foreign Direct Investment –Effect on Growth and economic Performance. E. M. Graham, E. Wada. Institute for International Economics. 2001 • Le face à Face Chine/Japon. Partenaire et rivaux. Claude Meyer. Dec 2006

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