The history of East Asia in modern times has been shaped by the wildly contrasting fortunes of China and Japan. Now both are on a roll.
That should be good news for a region that’s become the engine for global growth. In reality, though, it has set off a dangerous competition between the two giants, who together constitute more than two thirds of Asia’s economy.
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Andrew Browne, The Wall Street Journal via CHINA US Focus http://ift.tt/Kzq3e5
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