Tokyo's China troubles

townhall ^ | April 18, 2005 | Peter Brookes

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A long-festering Sino-Japanese rivalry is becoming increasingly apparent. If tensions between the Asian giants continue to sky-rocket, Northeast Asian peace and stability may crumble, provoking serious consequences for American interests.

Beijing has been stoking the fires of Chinese nationalism recently, precipitating one diplomatic crisis after another. In the process, it has called into question whether China remains committed to pursuing its self-proclaimed "peaceful rise."

Last month, Beijing passed a militant "anti-secession" law directed at Taiwan. The action came just before the European Union was poised to lift its arms embargo against China. Beijing's move cooled E.U.-Chinese relations precipitously, leading Brussels to postpone any final decision to end the embargo.

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Note to self. Look to buy stocks of companies that sell ASW (Anti Sub Warfare) related equipment and Aegis systems to Japan.

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Don't forget missile defense technology stocks too.

[The Great Yazoo]

As a UNSC permanent member with veto rights, Beijing's opposition would block a Japanese bid. While supporting India, Germany and Brazil, China claims that Japan, the U.N.'s second largest donor, doesn't have the "moral qualifications" for a seat.

And China (in light of the Cultural Revolution, China's One Child Policy, Tiananmen Square, and its current anti-Christian pogroms) is?