In the eastern part of Eurasia, Earth, two neighboring countries
Posted on | September 15, 2010 | No Comments
In the eastern part of Eurasia, Earth, two neighboring countries, the history of a staggered relationship, and now maintains cooperative relations, but also competitors. They called in China, called Japan.
For thousands of years, China as one of the four ancient civilizations, long led the development of the world, but modern times, the rapid stand up of Japan has become the global manufacturing and financial sector strong.
As the saying goes, “three years east of the river, three years, Hexi,” Japan’s “economic miracle” in the 80s of last century a huge real estate bubble burst in 1991, rapidly, causing a severe financial crisis hit the economy. Since then, Japan entered a long-term depression.
This year in August, the Chinese economy in the second quarter than in Japan, caused great concern in international opinion, China will surpass Japan to become the world’s second largest economy has been an irreversible fact.