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Why China-Japan economic exchanges override political tensions
For more than a century, close economic ties between China and Japan have developed in the absence of cooperative political and security relations. China and Japan offer evidence that cooperative political relations are not a necessary precondition for flourishing economic ties. But the relationship also demonstrates the limits of the thesis that close economic ties can mitigate key sources of bilateral insecurity or political tension. Following Japan’s victory in the First Sino-Japanese War (1894–95), Japan received a series of valuable but highly unequal economic rights in China: most-favoured-nation status, ... (full story)