Archive for: September 2012

Businessmen Fear the Worst Due to China-Japan Island Dispute

The China-Japan island dispute about the remote island located within the jurisdiction of both countries have businessmen fearing its negative economic impact. The conflict, widely expressing anti-Japanese hatred in China and forcing some Japanese car and electronics factories and shops to close down because of the riots, can have a significant impact in the market relations of both countries.

Japan and China continue to trade amidst the conflict. The trade worth between the two countries is around $345 billion. Because of the factory holidays because of the riots, companies who closed Chinese factories such as Panasonic and JVC fell in the Tokyo Stock Exchange.

The Japanese government has asked Beijing to protect Japanese-owned properties in China with adequate security and jurdisdiction.

Fujitsu Research Institute’s Martin Schulz states that the conflict can have a great negative impact in the whole world today if the situation is not properly resolved. Should the situation get out of hand, the two countries, dependent on each other for their economy, may see a collapse in their profits.

The Diaoyu (in China)/ Senkaku (in Japan) islands were said to be owned by China dating back hundreds of years from their dynasties. However, Japan states that it found the islands unmanned during the 18th century and have laid claim to it before a family purchased the islands. After the second World War, the U.S. returned the islands to Japan after relieving Okinawa of U.S. military presence.

Source: BBC

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Women Paralympic Athletes Doubled In Number This Year

The London Paralympics has seen a rise in the number of female athletes competing in this year’s games. The London Paralympics has hosted more athletes this year than the 1992 Barcelona Games that only had 700 female athletes. London now plays with 1,513 female athletes playing in 18 sports.

Philip Craven, the President of IPC states that the Paralympics has allowed greater good for gender equity and has inspired many athletes that even those with disabilities can still be physically able as their able counterparts.

Tine Teilman, the Chairperson of the IPC Women in Sport Committee states that it is very inspiring to see the great number of female athletes playing in the Paralympics. As the number has doubled throughout the decades, the 2012 paralympics is sure to see great role models for the physically disabled and their able counterparts.

She also speculates that the growing number of female participants will help secure gender equality in the Paralympic Games. This will also increase the number of female participants in the future, she says.

The London Paralympics 2012 began in August 29 and will end in the 9th of September.

Source: CNN

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