Thu, September 13, 2012
China > China & World > Japan in islands row

Ministry of Commerce: Island purchase to have negative impact on trade

2012-09-13 06:03:53 GMT2012-09-13 14:03:53(Beijing Time)  SINA.com

By Mei Jingya, Sina English

The State Council Information Office held a press conference on Thursday morning. Jiang Zengwei, vice minister of the Ministry of Commerce told reporters that Japan’s purchase of the Diaoyu Islands will have negative effects on China-Japan trade relations.

Responding to a reporter’s question on how the island dispute will affect economic and trade exchanges between Japan and China and whether China will take retaliatory measures, Jiang said a good political atmosphere is the cornerstone of developing bilateral trade; and Japan’s move will inevitably harm the trade ties between the two neighbors.

“We hope Japan can properly handle bilateral relations and contribute to a good environment for trade exchanges,” He added.

Xinhua: Japan's 'purchase' to have negative impact on trade ties: official

The Japanese government's so-called "purchase" of the Diaoyu Islands will have a negative impact on China-Japan economic and trade ties, Vice Minister of Commerce Jiang Zengwei said today.

The Japanese government announced on September 10 the "purchase" of the Diaoyu Island and its affiliated Nan Xiaodao and Bei Xiaodao and the implementation of the so-called "nationalization" of the islands.

Jiang said the Diaoyu Island and its affiliated islands have been China's territory since ancient times and China has indisputable sovereignty over them.

The Japanese government's so-called "purchase" of the Diaoyu Islands is totally illegal and invalid and China firmly opposes it, Jiang said.

The two countries' trade cooperation requires joint efforts to make it mutually beneficial. Japan's so-called "purchase" of the Diaoyu Islands will "inevitably" have a negative impact on China-Japan economic and trade ties, Jiang said.

"If Chinese consumers, in a reasonable manner, express their positions and views against Japan's violation of China's territorial sovereignty, I think it is within their rights to do so and it is understandable," Jiang said.

Jiang said China-Japan economic and trade cooperation requires good political environment. "Good political environment and bilateral ties are foundation to bilateral as well as multilateral economic and trade relations."

China is Japan's biggest trading partner. Statistics from Japanese customs authorities showed Japan's exports to China amounted to US$73.54 billion in the first half of the year, while imports from China totaled US$91.29 billion during the period.

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