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China, Japan revive trade ties as India fades

India does not provide an opportunity comparable to China's 'Made in China 2025' initiative

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India  |  Li Keqiang  |  Shinzo Abe

Shyam Saran 



Shyam Saran

Amidst the frenzy of the US-China trade war, an important development has escaped attention. There is a perceptible thaw in the hitherto strained political relations between Japan and China and a parallel revival in their trade and economic relations. The visit of Chinese Prime Minister to Japan in May 2018 was a breakthrough and this was followed by Japanese Prime Minister’s trip to China in October 2018, the first by a Japanese Prime Minister in 11 years. The two sides have begun to improve their strained relations in response to the unpredictability created by the US under Trump and his targeting of both countries on trade related issues. The Chinese are courting Japanese business and industry in earnest as their access to the US market and, more importantly, to advanced technologies and equipment is being increasingly restricted. Japan is an attractive alternative though within limits. The recent shutting out of Huawei from the Japanese telecom market is a pointer.

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First Published: Fri, January 25 2019. 00:40 IST

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