China-Japan-South Korea summit: Business alone won't heal deep wounds

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Why is China pushing for a free-trade deal and better relations with its two Northeast Asian neighbors? The answer resides in Beijing's attempt to establish close political ties with Tokyo and Seoul, writes Dr. Michael Ivanovitch.

— held a meeting last week. The heads of government for the three countries met in the thriving Chinese city of Chengdu and pledged, among other things, to accelerate their long-standing free-trade negotiations.

Japan remains at the center of all those difficulties. China continues to commemorate the martyrs of entire cities at the hands of Japanese World War II occupiers, while South Korea seethes at the enslavement of its people by the Japanese colonial rule and Tokyo's alleged refusal to pay war reparations.

It was, therefore, an unexpectedly sobering warning from Japan last week that stability in East China Sea was necessary for better ties with China — by far Tokyo's largest trade partner. Predictably, Beijing is bristling at all that and reminding Tokyo that those are China's domestic issues.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines