Latest News:  
Beijing   Sunny    28 / 17 ℃  City Forecast

English>>Foreign Affairs

People's Daily implies economic measures against Japan

(Xinhua)

08:00, September 18, 2012

BEIJING, Sept. 17 (Xinhua) -- The People's Daily, the flagship newspaper of the Communist Party of China, warned in a commentary Monday that Japan's provocations over China's Diaoyu Islands will cause self-destruction for itself through possible economic punishments.

"Would Japan rather lose another 10 years, or even be prepared to fall back 20 years?" asked the article under the byline of Hua Yiwen. China is Japan's biggest trading partner.

Given the interdependency of the two countries, economic punishments would be a "double-edged sword" for China, who in principle opposes sanctions to solve international disputes and has been cautious in using them, the article said.

But for issues concerning its territorial sovereignty, China will meet head-on if the Japanese government continues its defiance, the commentary said.

Accusing Japan's "purchase" of the Diaoyu Islands in the East China Sea of no difference than "stealing," the article said it is consistent with international laws for China to use all sorts of levers to uphold sovereignty.

The commentary said Japan's economy lacks immunity to China's economic measures. It cited that the survival of the economy, which saw two lost decades since the 1990s and was further worsened by the 2008 crisis and the 2011 earthquake, has largely benefited from a sharp increase in its trade and investment with China.

It said that China has not yet officially performed anti-Japan economic sanctions, but the dispute over the Diaoyu Islands is casting a shadow over Sino-Japan trade, with Japan's tourism sector and sales of Japanese products being badly hit.


【1】 【2】

Most viewed commentaries
Most viewed commentaries
Japan will face negative consequences for its stubbornness Can mainland, Taiwan jointly defend Diaoyu Islands? Do not attempt to seize half inch of Chinese territory
Do not play with fire over Diaoyu Islands issue How could Japan "buy" China-owned Diaoyu Islands? What's Japan's greatest fear?

Email|Print|Comments(Editor:姚春、张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Supply ship "Weishanhu" completes missions and returns

  2. Anti-US protests sweep Islamic world

  3. How we all gain in the power of two

  4. A terrific trio hits a harmonious high note

  5. Las Vegas gun club

  6. Most beautiful and mysterious caves around world

Most Popular

Opinions

  1. Editorial: How we all gain in the power of two
  2. Anti-Islam movie threatens Arab ties with US
  3. Wisdom needed in the expression of patriotism
  4. 72-hour drop-ins to boost Beijing visits
  5. Where will Chinese entertainment television go?
  6. Commentary: All that nonsense about outsourcing
  7. Editorial: Staying the growth course
  8. "Purchase" of Diaoyu Islands could cost Japan
  9. Japan violates common ground for bilateral ties
  10. Islands 'purchase will hurt economic ties'

What's happening in China

Joining work of Huanggang Yangtze River bridge completed

  1. Lymphoma rises among Chinese: Expert
  2. 'Iron rice bowl' ban served up in another city
  3. Flights disrupted as typhoon Sanba approaches
  4. Over 40% of women dissatisfied with sex lives
  5. Women's college to expand offerings

China Features

  1. Quit pre-bedtime phone addiction
  2. China mulls tourism law to eradicate loopholes
  3. Entering ancient town of Taierzhuang on canal
  4. Family tree culture in China faces crisis
  5. North Korea's Kim, wife inspect Exercise Center

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture