Japan to discontinue development aid for China, seek new cooperation

Japan has decided to discontinue its 40-year official development assistance for China as need for the aid has receded with China's economy becoming the world's second largest, the Japanese government said Tuesday.The decision indicates Japan wants to promote a new model of economic cooperation with China by ending the provision of ODA, with the two countries marking the 40th anniversary of a bilateral peace and friendship treaty on the same day.Prime Minister Shinzo Abe will visit China this week for talks with President Xi Jinping and other leaders. It will mark the first time for a Japan…READ FULL ARTICLE