Japan’s desperate attempt to end its dependency on China
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No matter how Japan is trying, it still is somewhere dependent on China. The two countries share a very unstable relationship where they constantly dig each other and blame each other for past issues but that has not impacted their trade, till now.
But it was time that Japan took a strong stance if it
really wanted to end its dependency on China for a number of factors. Only then
can the island nation establish itself as a part equivalent to that of China.
It was only last month that the government officials had
introduced a bill in the United States senate which will result in prohibiting
contractors from the procurement of rare earth metals from China by late 2026.
It was then later on stressed by the Arkansas Sen. Tom
Cotton that it is being done with the aim to end America’s dependence on the
Chinese Communist Party or CCP. He had said that it was important to win over
China on strategic compliance and this time, even Japan is trying the same
layout.
China has established itself as a world leader and if it's
just Asia, there are only few to compete with it. Japan may be a tough
competitor but to stand apart from the crowd, Japan will have to take drastic
steps like announcing a cut down on trade dependence.
It would signify how strong Japan is and will help it
foster western countries, especially the likes of the US and Australia.
One of the major problems to end its dependence on China
remains the fact that China is still the global leader in rare earths mining,
refining and component manufacturing and overseas 37% of world reserves and 58%
of mine production in 2020.
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