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Some unprecedented special features mark China-Japan relations in the new era. Based on mutually beneficial strategic interests, they spell economic inter-dependence and political mutual trust-a corner stone for building a just international economic and political order. Three phases characterize such relations. The 1990s saw the initial period of post-Cold War transition. Then came the intervening stage of collision since the advent of the new century up until the present. Hopefully, a long-awaited day will dawn when both sides join hands in building a desired bond. However, uncertainty still remains in confirming its arrival.