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Hong Kong (CNN) -- More Japanese factories and businesses in China shuttered Tuesday as an East China Sea island dispute threatens to drag relations between Asia's two largest economies to their lowest point since World War II.
Meanwhile, Baidu -- China's most popular search engine -- waded into the dispute by showing a cartoon image of the Chinese flag over the disputed island on its homepage.
Clicking on the image revealed a page headlined "Diaoyu Island is China's!" The page had an interactive feature asking web users to place a virtual flag on a map of the islands. By 2:30 p.m. Chin
Originally posted by FractalChaos13242017
I've always wondered....
If China and Japan go to war... who backs Japan?
Also... is it possible to check out the 'flag on islands' interactive feature in the US?edit on 19-9-2012 by FractalChaos13242017 because: clarification
Originally posted by DerepentLEstranger
let's not forget the japanese have defeated china before
heck, they beat the russians once as well.
i'll spare you all the esoterics of japans "dragon-path" infrastructure being healthy
as opposed to china's,
the result of the opium wars and british rail-lines tearing them up long ago.
One of the major explanations for the defensive posture of asset and currency markets overnight was the headlines from an alarming PWC report concerning China’s debt mountain. The actual contents of PWC’s findings do not appear to have been released publically, but even so the picture conveyed by these headlines is extremely disturbing. Apparently, overdue loans at China’s top ten banks soared 333% in the first six months of 2012 to CNY 489bn (USD 78bn). Given the state of the economy, a large volume of these loans is likely to become non-performing in coming months.
Like us, many informed commentators worry that China’s debt mountain is unravelling. For instance, the informal lending sector (worth around CNY 4trln) has almost ceased to function, and local governments are sitting on a huge debt stockpile. Meanwhile, the evidence confirming China’s stuttering recovery accumulated further overnight, with a manufacturing PMI survey suggesting that this sector contracted for an 11th straight month in August. China is rapidly replacing Europe as the issue that keeps both traders and investors awake at night.