The protests in China have destroyed stores, and factories of Japanese companies.
Japan is financially responsible, according to China.
http://mainichi.jp/english/english/newsselect/news/20120918p2g00m0dm026000c.html
If this comes to a head and there is a conflict between China and Japan, the US is required to assist Japan, which would possibly lead the Chinese to demonstrate against the US and its companies.
Should Apple, with all of its cash in the bank, consider moving manufacturing elsewhere? How about creating jobs in the US?
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Fortunately, the announced flotilla of 1000 fishing boats has so far not approached the islands in question, but Chinese patrol boats did. The latter entered the waters near the islands, told Japanese boats to leave, then left, leaving the Japanese boats as they were, thus showing that China doesn't really think of the islands as their own.
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Chinese athletes who were to attend a badminton contest in Japan canceled, tours to Japan have been canceled, it is getting a little whacky to watch. A Japanese living in China said that state TV is broadcasting 24 hours a day on the issue and that the message is so one-sided that it is hard to not fall in line with it; essentially, state TV in China is fueling the demonstrations.
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Finally, today, people around me are worried that China wants war. They say they are scared. They then say they hope the US will clearly present its position in regards to the defense treaty it has with Japan.
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China's navy has been absent in all of this. They seem to be using fisherman lately as their foot soldiers.
Their navy also at present is not very powerful, something that will change over the next decade.
Edited by Bergermeister - 9/18/12 at 2:03am