Nippon Steel-Baosteel split closes book on Deng Xiaoping's Japan legacy

Industrial power balance shifts while Beijing increasingly emphasizes security

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- The breakup of the long relationship between Japan's Nippon Steel and China's Baoshan Iron & Steel, or Baosteel, announced this week not only illustrates the tectonic shift in industrial power between the two Asian forces but also symbolizes the end of an era in bilateral ties that started with the late Chinese paramount leader Deng Xiaoping.

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