Establishment of a New Economic Order in East Asia and Sino-Japanese Economic Relations

>i>Precis:>/i> Profound changes have taken place in the postwar economic and political situation in East Asia. The East Asian countries have developed structures to match [those of developed countries] and complementary economic relations. This and the enhancement of the idea of becoming an economic center in the strategies of countries concerned have led to regionwide economic cooperation and created favorable conditions for establishment of a new order in the East Asian economy. This is a new "horizontal order" built on the basis of equality and mutual benefit and common development. In the building of this new order, the major powers have an obligation and their contributions are important. Naturally, we are not talking about the "international contribution" idea based on big-power control, but advocating internationalism and opposing narrow nationalism. The crux is proper handling of economic relations between developed and developing countries in the course of sincere cooperation. Especially important is the proper handling of economic cooperation between China and Japan. Such cooperation represents not only cooperation between countries with different social systems but also common development between countries at different stages of development, hence its critical significance.