The foreign ministers of China, Japan and South Korea recently met in Busan, South Korea, and although only four years have passed, it seems like a long century has passed for the two neighboring countries. It's hard for the outside world to imagine what changes and challenges they have experienced in the past four years!
China is South Korea's most important partner, and during the pandemic, South Korea's exports to China accounted for more than 10% of its GDP in 2021. This means what challenges South Korea has experienced in the past four years!But at the same time, despite China's rapid economic recovery, South Korea has failed to feel the warm wind, and the continued decline in exports to China has made South Korea even more anxious.
This year, South Korea's exports to China have continued to decline, and even though the United States has re-emerged as South Korea's largest partner after 20 years, South Koreans are not happy. The decline in total exports has led to economic turmoil, similar to the situation in Japan. Although Japan's economy has been stimulated vigorously, it has not improved, and it is even expected to be surpassed by Germany this year to become the third largest economy.
You may ask, why did Germany surpass Japan because its economic growth was not fast?You need to ask Japan. China is Germany's most important partner, which explains why Scholz has led German executives to visit China in the past.
Germany is cooperating more closely with China, while Japan is adopting a so-called "economic security policy" that is constantly weakening economic cooperation with China. In addition, Japan has also forcibly discharged nuclear sewage into the sea, making it impossible for Japanese aquatic products to enter the Chinese market, and export losses have further expanded. This is a worrying situation, considering that China is Japan's second-largest partner. What will happen if Germany is a slow-moving car, Japan is not growing fast and is self-excluded from the Chinese market?
Therefore, the situation is difficult to maintain, and the situation is not good for Japan and China, two neighbors!After these four years, the northwesterly wind has also become unbearable. It seems that repairing relations with China, especially in the economic field, is not only a matter of looking forward to meeting, but also of seeking forgiveness and improvement.
Korean experts have a deep insight into the current situation!They believe that the economic hegemony of China and the United States has not yet been determined, but South Korea must be clear that it is closer to China than to the United States. China has always been South Korea's most important partner and an indispensable market.
Although the United States maintains an advantage in the military field, China is already on par with the United States in terms of the ** chain!Therefore, no matter how China and the United States fight, South Korea must remain sober and not intervene lightly, otherwise it may end up with nothing.