China-Japan Security Dialogue

China and Japan held a security dialogue for the first time in four years. It was held in Tokyo. During the meeting, the countries agreed to strengthen their security relations and communication. They will work to gain mutual trust. Also, they agreed to bring upon a framework of maritime and air liaison.

Why is China being nice all of a sudden?

If you notice, China recently held the WMCC meeting with India on withdrawing troops in the borer. China is planning on holding talks with Australia.

China has been changing its tone of business in recent days, that is, 30-40 days. This is because the economy of the country is becoming more and more fragile. And with the dependent population increasing and the working population decreasing in the country because of its birth control policies, China will face a big setback in its economic growth coming days. These predictions are being repeated by the IMF and World Bank only to remind world business investors about the Chinese state!

Right now China is facing a lack of promising jobs for the youth in the country, the property market is declining, the growth rate has been the slowest in a decade, consumer confidence has become zero due to cheap low-quality products, etc.

China’s policy change

China was a pro-business market for quite some time in the past. Meaning, the capitalists were given preference. But lately, the Chinese Communist Party’s (the ruling government) goals are prioritized over business interests. The case of Jack Ma is the best example of the Chinese policy shift.

What are China-Japan issues?

The dispute between the countries is over the Senaku islands. The islands is being administered by Japan since 1972. However, the legal status of the islands is still disputed. After the world war, II Japan gave up its claims over several parts of the world. In 1951, Japan gave up Taiwan under the Treaty of San Fransico. The Senaku islands are near Taiwan. And according to Japan, the islands belong to the country under the US Trusteeship treaty signed in 1971.

China did not raise any issues when Japan signed the San Fransico agreement. In 1969, oil reserves were found in the Senaku islands. Since the discovery of oil reserves, China is making the claim on the island.

Of all this, CHINA HAS NOW ENTERED UKRAINE WAR TALK BACKING RUSSIA!

Month: Current Affairs - February, 2023

Category: International / World Current Affairs