It's a mystery concerning which country needs which the most.
Japan's economy has partly recovered largely because China's economy is going great guns. However, China benefited greatly from Japan's interest in the Middle Kingdom.
In any even, there's great potential for the economic and trade ties of the two countries now.
10 Reasons Why:
1. Japan has been China's most important trade partner for a long time. For 11 years beginning in 1993, Japan was China's largest.
2. In 2007, two-way trade climbed 13.8% to $236 billion.
3. Mechanical and electrical trade products now make up more than half of the trade volume.
4. Japan's total investment in China has reached $60.7 billion.
5. Investment has switched from processing industries to manufacturing industries.
6. Japanese electrical and mechanical manufacturers have moved their production bases to China.
7. Rapid growth in investment from Japan in R&D, financial services. logistics and marketing are a new source of economic growth.
8. Japan's government is contributing to the development of China's infrastructure and enviromental protection as well as education and poverty reduction.
9. High-level visits - "dubbed "ice-breaking," "ice-thawing," and "spring-heralding" tours -- by leaders of both countries, have warmed up the China-Japan relations."
10. China is committed to sustained development. The more money Japan gives, the more China will use.
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