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NEWS and REPORTS => World News => Topic started by: NewsCaster on Oct 09, 2012, 11:30 PM

Title: China vs. Japan: Global economy could be the loser
Post by: NewsCaster on Oct 09, 2012, 11:30 PM
(http://msnbcmedia.msn.com/j/MSNBC/Components/Photo/_new/121009_china-japan_hmed_1104p.photoblog600.jpg)Str / AFP - Getty ImagesWhat the fuss is all about. A dispute over these islands, known as Senkaku in Japan and Diaoyu in China in the East China Sea, could drag the global economy down with it.By John W. Schoen, NBC NewsA deepening dispute between China and Japan over a cluster of tiny uninhabited islands, some no bigger than rocks jutting out of the East China Sea, threatens to throw one more (big) monkey wrench into the slowing machinery of the global economy.

The origins of the dispute date back centuries but came to a head last month after Japan nationalized the tiny islands, called Senkaku in Japan, the world's No. 3 economy, and Diaoyu in China, the world's No. 2 economy. The move set off violent protests in at least two dozen Chinese cities. Angry mobs torched a Panasonic factory, looted several Japanese retail outlets and burned Toyota and Honda car dealerships.

NBCNews
Title: Re: China vs. Japan: Global economy could be the loser
Post by: Tina lawrence on Oct 09, 2012, 11:52 PM
You just mentioned two great countries
Title: Re: China vs. Japan: Global economy could be the loser
Post by: Nifemi Donald on Oct 12, 2012, 12:01 AM
it is so funny how developed countries quarell over small issues