World Ch. Schedule : TUE 07:35 KST
* Date : 2017-11-07
The once frozen relationship between Korea and China, has finally thawed. On October 31st, Korea and China announced a joint statement announcing their agreement to improve bilateral relations. At the same time, the two countries are set to hold a summit, during the 2017 APEC meeting in Vietnam, which is scheduled for November 10th. Korea-China relations, which had soured over the THAAD deployment on the Korean Peninsula, started showing signs of change after the 19th National Congress of the Communist Party of China, which took place on October 18th. From the Korea-China currency swap extension, to the first ADMM-Plus meeting between the two sides in two years, the joint statement declaring the announcement of improved relations on October 31st, finally resolved tensions between the two nations, as they look to normalize their ties.
The reason for the downturn in their relations was the deployment of THAAD on the Korean Peninsula. When the Korean government officially announced its decision to deploy THAAD in July of last year, the Chinese government immediately expressed its opposition. Since then, relations between Korea and China have rapidly worsened, and economic and cultural exchanges have also declined. There were protests in China and boycotts of Korean products, and even Hallyu contents, which were very popular in China, were shunned. However, the soured relations between Korea and China slowly showed signs of improving, as the joint statement calling for improved relations was announced. In addition, President Moon Jae-in and President Xi Jinping will meet on the sidelines of the APEC meeting in November, and will look forward to improving their relations, as well as solving the North Korean issue together... This week, our panel will discuss the improved relations between the two nations, and the future that they hold.