Japan will review and possibly cut financial aid to China, in light of Beijing's growing economic power, the nation's foreign ministry said Friday(P 2).
After I read this news I just think about Japan and China's economic. Since 1960s, Japan started supporting to China as indemnification after war. Since 2007, the most of nations affected by financial crisis. Japan is one of them. Japanese government thinks that Japan will review aid for China. Because China overtaking Japan in terms of gross domestic product. In my opinion, Japanese government should not stop aiding for China. There are 3 reasons that Japan should continue supporting China. First of all, export trades in China has a bad setback, because many countries cancled the orders after financial crisis. Moreover, although China's GDP (gross domestic product) is the highest in a world, average GDP is not high. Because China has a larg population in the world. Finally, current China's economic is same with Japan's 1960s. In conclusion, Japan government should continue to supporting China.
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References
Gloria,
ReplyDeleteDoes Japan get any benefit from supporting China financially?
Would a better solution be for China to allow more direct foreign investment? For example, allowing non-Chinese people to own land, factories and businesses in China? That would bring a lot of money into China and create jobs plus more exports. This sounds like a better deal for both China and Japan, and every other country. What do you think? (And what does everyone else think?)