The Japanese financial publication Caikai recently conducted an exclusive interview with Wu Jianghao, the Chinese ambassador to Japan, on a series of issues such as China's economic situation, future development, and Sino-Japanese relations. Among them, the Japanese media asked a very challenging question, saying that there is a view that China may become a "second Japan" economically, and asked Ambassador Wu Jianghao for his views on China's economic situation.
In his reply, Ambassador Wu Jianghao first emphasized the correct attitude towards China's economy, and pointed out that the positive trend of China's economy has not changed, and he is full of confidence in China's economy. On the issue of deleveraging, Ambassador Wu Jianghao made it clear that the situation in China is different from that of Japan, stressing that China has taken the initiative to reduce leverage many years ago to prevent and defuse various risks, and has resolutely maintained the bottom line of preventing systemic risks.
As China's top diplomat in Japan, Ambassador Wu Jianghao maintained China's usual characteristics of humility, objectivity, and pragmatism when answering questions, and did not use sharp words to respond to the challenging questions of the Japanese media, thus giving Japan enough face. If I am not constrained by official status, I think it will be easier to answer this sharp question from the Japanese media.
From the perspective of China's economic aggregate, potential, and vitality, China cannot become a "second Japan." The economic gap between China and Japan has become obvious, and China's ability to be independent and develop independently has become even stronger. In contrast, Japan is politically constrained by the United States, which is a constraint on Japan's independent development. As the country with the largest number of US troops stationed overseas, Japan is often swayed by the United States on many issues, which makes Japan's independent decision-making very limited.
Independence is essential for the normal economic development of the country. China's path to independence has enabled it to navigate the face of external pressure, whether it is dealing with the war provoked by Trump or the blow to Chinese companies by Biden. This shows the importance of independence and self-determination to safeguard the core interests of the country.
Although Japan still has some positions on the Taiwan issue, given the huge disparity in strength between China and Japan, Japan's actual actions on the Taiwan issue may be limited to words. And U.S. interference in the Taiwan issue could put Japan in some trouble. In contrast, China has been more determined in upholding national sovereignty and territorial integrity.
In his exclusive interview, Ambassador Wu Jianghao responded to Japan's sharp questions in the same style as the Chinese side. China's independence, strong economic strength, and firm stance on diplomacy were all reflected in the answers.
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