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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3791)	11/26/2004 2:06:54 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

[It's time for China to cut down imports from Japan too] --"Japan signals end to China aid " Japan should stop giving economic aid to China soon because it no longer needs it, Japan's Foreign Minister Nobutaka Machimura has said. Mr Machimura told parliament that China's rapid economic growth meant it would soon no longer need assistance. Economic aid to China has been steadily dipping, but still stood at 108.02bn yen ($1.05bn) in 2003. Some in Japan see China as a future competitor, adding to already-strained relations between the two countries. "While China's economic development continues, we will trim [economic assistance]" Mr Machimura told the House of Councillors, according to Kyodo news agency. "In the near future, it will be appropriate that China graduates from our official development assistance (ODA)," he told the session to review the upper house's report on the fiscal 2003 budget. Tokyo has cut aid to Beijing for three straight years, and India has overtaken China as the top recipient of Japanese assistance. news.bbc.co.uk