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China and Japan Today

China and Japan Today. President Hu Jintao’s visit. China is committed to structural change of the economy from export-driven to domestic consumption-driven personal savings: 15 trillion yuan foreign exchange reserves 0.9 trillion US$ yuan-US$ has risen over 3% since July

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China and Japan Today

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  1. China and Japan Today

  2. President Hu Jintao’s visit • China is committed to structural change of the economy from export-driven to domestic consumption-driven • personal savings: 15 trillion yuan • foreign exchange reserves 0.9 trillion US$ • yuan-US$ has risen over 3% since July • first quarter GDP grew by 10.2%

  3. Peace Treaty with Japan • 1951, Peace Treaty with Japan was signed in San Francisco • China was not invited • 1952, Republic of China (Taiwan) signed Peace Treaty with Japan • ``state of war between the Republic of China and Japan is terminated”

  4. Diplomatic Relation (1972) • Turning point: Nixon visited Beijing and Shanghai in February 1972 • Japan’s Prime Minister visited Beijing and signed Joint Communiqué in September • PRC government waived the claim of war reparations against Japan

  5. Peace Treaty (1978) • Treaty of Peace and Friendship between the People's Republic of China and Japan • Deng Xiaoping visited Japan

  6. Japanese Loans to PRC • Official Development Assistance (ODA) • Japanese government loan • energy loans • Japanese free aid • trade surplus loans

  7. After Cold War • Relative rise • U.S. • China • Relative decline • Russia • Japan

  8. Current Status • Washington-Tokyo-Beijing triangle • PRC & Japan regard relationship with each other as 2nd in importance to that with US • Japan plays significant role in integrating PRC into world economy • Japan has a vital interest in PRC’s development and stability

  9. PRC’s Trade Partners 2005 • Japan is Mainland China’s third largest trade partner and largest import source • was the largest trade partner before 2003 • Total trade volume: 184 billion US$ • 13% of Mainland China’s total trade • Total imports from Japan: 100 billion US$ • 15.2% of Mainland China’s total imports

  10. Japan’s Trade Partners • Mainland China is Japan’s largest source of imports and the 2nd largest trade partner in 2004 • PRC (including both Mainland China and Hong Kong) became Japan’s largest trade partner in 2004 • surpassing the US for the first time

  11. Japan’s Direct Investment • 3rd largest investment source • 31,855 projects • 46.8 billion US$ • 9 mill. employees

  12. Personnel exchanges 2005 • 3.4 million visits from Japan to China • 540 flights weekly between China & Japan • 315 pairs of sister cities • 487,570 Chinese citizens in Japan • 80,592 Chinese students in Japan (2/3) • 7,000 Chinese have obtained Ph.D. in Japan • 19,059 Japanese students in China (17%)

  13. Current Issues • Yasukuni Shrine • Japanese history textbooks • Japanese chemical weapons left in China • Diaoyu (Senkaku) Islands in East China Sea

  14. Generation Gap • Chiang Kai-Shek (1887), Mao Zedong (1893), Deng Xiaoping (1904) • Jiang Zemin (1926), Hu Jintao (1942), Professor Frost • Guo (1974) • the “little emperors”

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