china and japan today. president hu jintao’s visit zchina is committed to structural change of the...
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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 yuanforeign exchange reserves 0.9 trillion
US$yuan-US$ has risen over 3% since Julyfirst quarter GDP grew by 10.2%
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”
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
Peace Treaty (1978)
Treaty of Peace and Friendship between the People's Republic of China and Japan
Deng Xiaoping visited Japan
Japanese Loans to PRC
Official Development Assistance (ODA)
Japanese government loanenergy loansJapanese free aidtrade surplus loans
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
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 tradeTotal imports from Japan: 100 billion US$15.2% of Mainland China’s total imports
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
Japan’s Direct Investment
3rd largest investment source31,855 projects46.8 billion US$9 mill. employees
Personnel exchanges 2005
3.4 million visits from Japan to China540 flights weekly between China & Japan315 pairs of sister cities487,570 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%)
Current Issues
Yasukuni ShrineJapanese history textbooksJapanese chemical weapons left in
ChinaDiaoyu (Senkaku) Islands in East
China Sea