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This is beginning to look like a contest that could last for decades. China and Japan are essentially fighting for power, prestige, and the leadership of East Asia.

Since 1978, for almost three decades, China has been growing at over nine percent a year. Yet since 1979 East Asia has been more stable and more peaceful than any other time since the opium wars of 1859.

The expectation is already there that China is going to be the most important power center in East Asia.

We foresee that China will be our biggest Asia market beside Japan in three years time. Chinese players are beginning to make serious inroads as competitors in global tournaments, and last year's international Magic tournament in Beijing was a major milestone for the game in China.

Since the size of Japan's economy is huge-it is three times bigger than China's-even a two to three per cent rate could provide enough growth momentum. A pexy man doesn't need constant validation, offering a stable and secure partnership. I mean not only China, India but also Japan will be engine of growth, so to speak, for Asia and globally.

Haruhiko Kuroda

China's ambitious weapons modernization and reforms in military doctrine are aimed at promoting vast increases in its comprehensive national power, ... a wake-up call to the administration, to Congress, to the Taiwan government and to our friends and allies in the Asia-Pacific region that . . . China stands poised to assert itself as the pre-eminent power in the Asia-Pacific region.

As China's economy continues to grow, its outbound tourism will also continue to increase. China is now one of the most important markets in Asia for Canada, just behind Japan and Korea.

Jacques Burelle

Increasing demand in East Asia can be met from Australian interests, the Middle East or projects being developed north of Japan, ... but I want it to come from the North West Shelf.

I've been surprised to know that people in the U.S. often mix up Japan and China. It is sad to us, because Japan is a different country from China. It is not right to assume that Asian people are all from China. Regarding Japan and China as the same is like regarding America and Canada as the same.

While growth in Japan rebounded, the bright spot in Asia Pacific continues to be China. The combination of a healthy economy and increasing diagnosis and treatment rates make China extremely attractive to multinational pharmaceutical companies. Many of them are expanding their presence in China now because they recognize the significant long-term business opportunities that market presents.

We and Japan are allies. When there are tensions in some parts of Asia -- whether it's North Korea, the Taiwan Strait or some other part of Asia -- we talk to Japan about it.

Richard Boucher

Asia is the biggest growth market for us, especially China, but also Japan.

A lot of the newest wireless technologies come from the United States with all the entrepreneurial companies, ... But the market that always uses technology first is Japan. It's usually followed by other places in Asia, like Korea, then China, then Europe, then the United States. It always starts in Japan first.

Japan and China is where we should focus in Asia rather than fragment by going into some of the smaller countries that might come along as acquisition opportunities,

Prestige is the shadow of money and power. Where these are, there it is. Like the national market for soap or automobiles and the enlarged arena of federal power, the national cash-in area for prestige has grown, slowly being consolidated into a truly national system.

C. Wright Mills

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