Main Trends in the Development of Economic Relations Between Japan and People’s Republic of China in the XXI Century

Abstract

This article is devoted to the study of economic relations between Japan and the PRC in 2000–2020. The main indicators of bilateral trade, its structure, indicators of bilateral foreign direct investment between Japan and the PRC are presented and analyzed in the article. An assessment of the current state of Japanese-Chinese economic relations was given, factors affecting their development over the past 20 years were determined using the method of generalization of research materials, methods of comparative and correlation analysis of data, analytical method of information processing. The authors conclude that during the period under review, economic cooperation between Japan and China in trade and investments is expanding and strengthening, and their economic interdependence is increasing. The interest of Japanese corporations in carrying on business and opening branches in the PRC is indicated as the main factor of development. Political instability in bilateral Japanese-Chinese relations is indicated as a deterrent. The authors emphasize that in order to further increase the successful and stable development of economic partnership, the two states need to take specific steps for the purpose of political rapprochement and finding a compromise on controversial issues.