At the moment, China and Japan are planning to work together on at least 52 business projects in third countries in the region, encompassing both the Indian and Pacific oceans. Certainly, these projects provide tangible ways for Asia’s two largest economies to foster mutual trust and forge a stronger partnership. This, however, is still a work in progress.
Both countries have what the region needs. China has the capital and manpower, while Japan has the technological expertise and sophistication. Their new commitment comes at a time when the trade war between the United States and China reaches a fever pitch. The impact of the continued squabbling between the world’s No.1 and No.2 economies is already evident as investors begin to shift their focus away from China by moving capital and production bases to other countries.