Tuesday, September 28, 2010 - 7:09 PM
It's a not-very-well-known fact that China, the world's second largest economy which holds $2.5 trillion in foreign reserves, still gets about $2.5 billion in foreign government aid every year. (Jack Chow recently explored how this plays out that the Global Fund for AIDS in an FP piece.)
What's even more surprising, given this month's events, is who the biggest source of that aid -- accounting for nearly half -- is:
Today's aid adds up to $1.2 billion a year from Japan, followed by Germany at about half that amount, then France and Britain. ...
Japan's generosity has historically been driven at least in part by a desire to make amends for its invasion of China in the 1930s. But in recent years Japanese lawmakers and officials have repeatedly questioned whether the money flow should continue, pointing to China's emergence as a donor to African countries.
It's pretty hard to see how this will continue to be tenable in the current Japanese political climate, particularly with China arresting Japanese workers sent to clean up World War II sites.
china is so lucky they got an aid from US...
I see the Japanese are eager to become an outlying province of the mainland, joining Tibet, Mongolia and Uyghur-land.
Hopefully, they don't join the 76,702,000 people who were killed on the mainland between 1949-1987 (and the 3,468,000 killed before then).
Would be nice if Japan should help out the surviving UK-US WWII POWs with some of that money.
And while I hardly agree with the sense of ethnic superiority the Vietnamese and Hindus sometimes have, this article may indicate more than a seed of truth to such beliefs. They're plainly have more of a head on their shoulders than the Japanese!
Following in footsteps of Nixon in 1972, Japan rushed to appease China’s Communist dictatorship.
Japan has willingly poured billions of dollars in aid to China since then.
Japan had encouraged its companies to heavily invest in China, resulting in massive technology transfers.
Thus Japan has willingly allowed its economy to become over-dependent on China. That gives China an excellent opportunity to screw Japan as a spat over recent Chinese purchase of Japanese government bonds indicate. It appreciated value of yen, thereby causing the drop in Japanese exports and hence affected Japanese economy.
Poor Japan, the economic giant but military midget has to buckle under Chinese pressure. China will ’Finlandize’ Japan and Japan will fall under China’s domination unless Japan develops its own nuclear weapons arsenal to match that of China or even surpass it since China is so much bigger and mightier.
Japan can NOT depend on US nuclear umbrella because US, having become weak after Iran/Afghan wars, is in no position to challenge China or go to war with China over Japan as witnessed by US advice to Japan and China to settle the dispute over imprisonment of Chinese boat captain peacefully.
Does Japan have the stomach to meet Chinese challenge? The way Japan behaved over this incident doesn’t sound much reassuring.
Perhaps the Japanese can channel Winnie.
Only problem is the US doesn't have an FDR for them to work with.
And China gives $1B to Africa too in aid
Of course, when China gives aid it is because China is after Africa's resources. Well, Japan gives aid to China because Japan is after China's resources as well, namely Chinese capital.
Japan exports to China about $30Billion more than it imports from China. Yes, China runs a huge trading deficit against Japan. Just like China needs the US to do well in order to continue milking off American consumers, Japan needs China to do well in order to milk off Chinese consumers.
Is this concept really that difficult to understand for some people, or has their sinophobia made them incapable of basic reasoning?
You're the one that has no basic reasoning. How you can even begin to equate Japanese foreign aid with Chinese activity in Africa is beyond me.
People should know more about this, China is still a developing country, and China do his role right in the world. PDF converter for mac | TiVo converter
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