Chinese economic growth has gone severely down to 7.5% recently. Investment is fading and consumption is falling. They promised their people double digit economic growth indefinitely. They now need to spur nationalism and resentment of other Asian countries to keep their population from dismantling the government.
To add to this, the Chinese government has a bizarre view of history. They seem to believe that everything that a Chinese explorer ever came across somehow belongs to China, as if dozens of other empires had not already existed in the region in question for sometime. This is particularly true in western China, where Turkic and Mongolic groups existed long before China (and at one point conquered China in unison), yet China feels entitled to all of sovereign Mongolia, the entire Russian Far East (what they call "Northern Manchuria"), and now renewed claims to thousands of inhospitable islands in the East/South China Seas, despite the fact that at least five other nations all lay claim to these islands, particularly Vietnam and the Philippines.
even majority of the chinese in the mainland now has still some resentment against japan.. they will nuke japan if there are no consequences.
What? Japan is under the US nuclear umbrella. Nuclear war with Japan equates to nuclear war with the US, which equates to China in ruins.
Not gonna happen. US owes China billions of Dollars in foreign debt.
China's ownership of T-bills is exaggerated. Japan owns more than China, and China is in desperate need of American currency to intervene in FOREX and artificially suppress the value of their own currency to incentivize exports. Japan did the same thing in the 80's, and it ended with a massive crash in Japan and almost three decades of what has been termed "stagflation".
On that note, the notion that an integrated world economy and a complex network of various countries owing other countries massive amounts of debt did not prevent war in World War 1.
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