China, Japan | featured news

Fitch Ratings warned on Thursday that it might downgrade the credit rating of China within two years and there was a greater than even chance of a downgrade of Japan's credit status.

The United States has not seen a balanced budget since 2001. Although private banks in the U.S. hold the majority of the country’s debt, over 52% according to MSNBC, the Treasury Department and the Federal Reserve Board estimate that foreign governments hold 4.4 trillion of the country’s $14 trillion debt in Treasury securities.

A clamor for iodine salt leads to long lines and mob scenes at stores across China after rumors spread of a radioactive cloud from Japan's quake-damaged nuclear plant. The hordes are under the false impression that consuming the seasoning would protect against radiation poisoning.

Fifteen members of China’s International search and Rescue Team took off for Japan Sunday morning to help its neighbor clean up from one of its biggest natural disasters in a generation, the Xinhua news agency reports.

Japan needs to focus on the rise of China and not the Cold War threat of Russia in defining its security goals, according to new defense guidelines announced Friday.

The leaders of China and Japan sought to ease months of tensions on Saturday, while Beijing gave Japan reassurances over worries about a drying-up of rare earth exports and a dispute over gas fields.

The tension between China and Japan is at its all time high during the present times. On 16 October 2010 a large number of protesters came out on the roads in central city of China, Chengdu, shouting slogans against Japan.

Chinese Prime Minister Wen Jiabao has told his Japanese counterpart Naoto Kan that a disputed stretch of islands in the East China Sea belonged to China, state media said.

Prime Minister Naoto Kan rejected China’s demand that Tokyo apologize for the arrest of a Chinese trawler captain.

China demands an apology from Japan following the return of a fishing boat captain who was detained for two weeks.