The two neighbors couldn't hold back, and finally begged China for forgiveness, and after four years, one was worse than the other
Recently, the foreign ministers of China, Japan and the ROK held an important meeting in Busan, South Korea. Although only four years have passed, it seems like a century has changed for the two neighboring countries. It's hard for the outside world to imagine how they have survived the ups and downs of the past four years!
China has always been South Korea's largest partner, and in the past four years, even during the pandemic, South Korea's exports to China accounted for more than 10% of its GDP in 2021. This shows that South Korea is going through a difficult time at the economic level. The continued decline in exports to China has put pressure on South Korea, and what is even more worrying is that South Korea has not been able to feel the warmth of China's rapid recovery in the post-pandemic era.
South Korea's total exports to China are still on a downward trend this year. Even if the United States replaces China as South Korea's largest partner after 20 years, it will be difficult for South Koreans to rejoice. The decline in total exports has plunged South Korea into economic turmoil. The situation is similar in Japan, where it has not been able to stimulate economic growth despite massive investment, and even Germany is expected to overtake Japan as the third largest economy this year.
You may ask, why is Germany able to surpass Japan because its economy is not growing fast?That's where Japan comes in. China is Germany's largest partner, which explains why Scholz recently led a group of German business executives to visit China.
Recently, Germany has been strengthening its economic cooperation with China, while Japan has adopted a so-called "economic security policy" and is gradually weakening its economic cooperation with China. In addition, Japan forcibly discharged nuclear sewage into the sea, resulting in the inability of its aquatic products to enter the Chinese market, and the export losses were further expanded!This situation is worrying, considering that China is Japan's second-largest partner, after the United States. Imagine Germany being a slow-moving car, while Japan is not growing fast and is alienated from China
Therefore, the situation is tense, and for these two neighboring countries, it is really precarious!They are in a difficult situation, and the situation in the face of the northwest wind for the past four years has been unbearable. Now there is finally an opportunity to meet with China, but to be forgiven and to improve relations with China, especially in the economic sphere, is urgently needed.
The opinion of the Korean expert is very profound!They believe that the current competition between China and the United States in the economic field is still an unknown, but South Korea is well aware that compared with other countries, China is closer to South Korea, has always been South Korea's largest partner, and is their indispensable market.
Although the United States still has an advantage in the military field, China is already on an equal footing with the United States in terms of the ** chain!Therefore, no matter how "wrestling" China and the United States are, South Korea must have a sober understanding and must not act rashly, otherwise it may end up with nothing.
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