www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News 17,000 school children killed in Pakistan earthquake: UNICEF    Central bank expands clearing services to HK banks    Romania reports 2 new cases of bird flu    US provides relief to victims of Hurricane Beta    OPEC oil prices keep on declining    Car bomb hits Iraq's Basra, killing 20    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Source Manufacturers and Suppliers from China and around the world
   News Photos Voice People BizChina Feature About us   
Booming economic ties bind Japan to China
www.chinaview.cn 2005-11-01 13:16:21

    BEIJING, Nov. 1 -- The ever closer economic relations between Japan and China is offering a counterweight to their cool political ties.

    Japanese investment in China has amounted to $31.5 billion, and is enabling China to learn the industrial skills of its neighbor, the New York Times reported.

    At a call center in Dalian, Liaoning, in northeast China, young workers speaking fluent Japanese answer customer service calls for a Japanese insurance company. And in western Japan, a new commercial Chinatown is rising in Kobe.

    At a time of rising political tensions, heightened by growing nationalism, Japan and China are more intertwined economically than they have ever been. In their breadth and intensity, the ties have begun to surpass those between the United States and Japan, whose economic relationship has often been called the most important in the world, said the New York Times.

    Tensions will probably stay there, or keep rising with Asia's transformation: a rapidly developing China, and its huge market potential. Exports to China have created jobs and lifted Japanese economy from a long recession.

    "In the last few years, things have grown black and white between us," said Toshio Hori, general manager of the Tokyo-Mitsubishi Bank branch in Shanghai, China's biggest city and an increasingly vital commercial artery to Japan. "On the political and diplomatic side, things are pessimistic, but on the economic side, the relationship is growing stronger and stronger."

    Now, more than 150,000 Chinese students attend Japanese universities and language schools, and a million Chinese people work in Japanese companies.

    China's ascension has been so fast that Japan must now contemplate a true rivalry, with the Chinese economy not only outstripping Japan's in size, but perhaps matching it in sophistication before long, the newspaper said.

  Related Story
Claudia Schiffer's autumn-winter hits
Late US civil rights icon Rosa Parks honored
Gigi Lai's new photoalbum
- Booming economic ties bind Japan to China
- China, Russia may co-operate in lunar probe
- China to become No.1 automaker by 2020
- Most bloody month for US troops in Iraq
- China critic gets key cabinet post in Japan
- RMB tending towards further appreciation: experts
- Cooking spice key player in bird flu battle
- Car bomb hits Iraq's Basra, killing 20
- China critic gets key cabinet post in Japan
- UN demands Syria's full cooperation in Hariri probe
- German SPD leader resigns
- Car bomb hits Iraq's Basra, killing 20
- Sharon vows to continue separation fence construction
- Marcinkiewicz sworn in as Polish prme minister
- Three sentenced over riots in Paris suburb
- Most bloody month for US troops in Iraq
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.