The Dangers Of A China-Japan Trade War -- James Parker, The Diplomat
Protests against the Japanese purchase of the Senkaku / Diaoyu Islands took place in various Chinese cities recently, including Beijing, Shenzhen, Luoyang and Xi’an amongst others. Japanese branded products, including numerous cars (and even a camera belonging to a protestor) were attacked and destroyed by the angry crowds. Panasonic and Toyota as well as Nissan reported damage to commercial properties (a factory and car dealerships respectively). Canon has also closed some facilities whilst Japanese clothing chain Uniqlo chose to shut several locations, and covered signs at others. Protestors have also targeted Chinese owned Japanese branded products - images of which cannot be encouraging for prospective customers. Meanwhile, some Chinese protestors are calling for consumer boycotts of Japanese branded products.
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My Comment: If the world's number 2 and number 3 economies go to 'war' against each other economically .... there are going to be global implications.Will this China - Japan spat continue ... I do expect them to sort it out, even if China's top Generals have other ideas.
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