Japan stands to gain from neighbor's impressive growth

Beijing - Both China and Japan need to do more to ensure one of the world's most important and complicated bilateral relationships is on the right track, said analysts from both countries.

One of the latest major debates in Japan is whether to reduce financial aid to China, which overtook Japan as the world's second-largest economy in 2010.

Japan has been providing financial aid to China through its overseas development assistance (ODA) since 1979. It's ODA for China was worth $66 million in fiscal 2008, the last year for which data is available.