There has been a dramatic change in the relationship between China and Japan during the past two years. This coincided with the start of the U.S. “tariffs” against China.
Gone are the constant vilifications of Japan based on the Japanese invasion of China in 1938, resulting in a partial boycott of Japanese goods in China.
All this is now forgotten and instead of showing pictures of Japanese atrocities, the Chinese papers now praise Japan’s culture. More Japanese now expand existing subsidiaries in Chinese cities like Suzhou which this year signed a strategic cooperation agreement with Japan.
There now are visits by high level Japanese officials to China signing agreements between both countries, culminating on October 26, 2018, in a “summit “meeting between Chinese President Xi Jinping and the Japanese Prime minister Shinzo Abe in Beijing.
Why this sudden change in attitude?
Part of it is no doubt the result of the U.S. economic pressure on China. The other reason is the perceived threat by the U.S. Navy and U.S. diplomacies trying to encircle China. As a result, one sees China’s counteractions against these moves, resulting in first trying to draw Japan out of the U.S. orbit, possibly culminating later in a military alliance between both countries. This makes a lot of military sense since Japan can protect the Sea of Japan and therefore the northern coast line of China. At the recent (October 14) Beijing-Tokyo Forum it was agreed that China and Japan should share the responsibility to jointly oppose the hegemonic threats in the international community.
Economically, a close relationship makes sense too. Adding the gross domestic product (GDP) of China with $14.1 trillion to Japan’s GDP of $5.2 trillion almost equals the current U.S. GDP of 20.4 trillion dollars. Japan was requested to support and promote the China-Japan-South Korea Free Trade Agreement.
After Japan, will China approach South Korea?
A post script:
Adding to my “truth campaign” about inefficient electric cars, here is something to ponder.
In order to “prove” high mileages rates, electric car manufacturers post mileage figures solely based on electric power (KW) consumed by the electric motor driving the wheels, completely omitting the much higher power required to produce the electricity to charge the batteries.
The sad fact is that electric cars consume about fifty percent more power than an equally sized gasoline driven car! (See my blog post from July 2017). Also, remember for every 100,000 new electric cars you need a new electric power plant spewing hundreds of thousands of tons of CO2 in the air.
More power to the French people protesting against higher gasoline taxes in order to pay for the electric car fantasies of their elite.
Finally, here is my economic forecast for the end of 2018:
U.S. Budget Deficit: 3.5 percent. Increase in GDP: 3.5 percent. U.S. inflation: 3.5 percent. It all balances.
Hans Baumann is a licensed engineer in four states and a member of Sigma Xi, the Scientific Research Society. He is an adviser to the dean of the University of New Hampshire Business School. Dr. Baumann has published manuals on valves and was a contributor to many works including the "Instrument Engineers' Handbook" and the "Control Valves Handbook." He has also published several books on business management and German history, including "Hitler's Escape," which suggests that Adolf Hitler did not commit suicide and survived World War II. In his latest book, "Atomic Irony" he proves that the Hirshoma Atom Bomb contained captured German Uranium. For more of his reports, Go Here Now.
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