China and Japan Today

1
China and Japan Today
2
President Hu Jintaos 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
• Japans 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 PRCs development
  and stability

9
PRCs Trade Partners 2005

• Japan is Mainland Chinas third largest trade
  partner and largest import source
• was the largest trade partner before 2003
• Total trade volume 184 billion US
• 13 of Mainland Chinas total trade
• Total imports from Japan 100 billion US
• 15.2 of Mainland Chinas total imports

10
Japans Trade Partners

• Mainland China is Japans largest source of
  imports and the 2nd largest trade partner in 2004
• PRC (including both Mainland China and Hong Kong)
  became Japans largest trade partner in 2004
• surpassing the US for the first time

11
Japans 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