Mon, September 10, 2012
China > China & World > Japan in islands row

If China wielded economic weapon, it would spell deadly loss for Japan

2012-09-10 03:59:53 GMT2012-09-10 11:59:53(Beijing Time)

By Zhao Wei, Sina English

Some foreign trade experts said during an interview with Japanese media that Japan’s economy relies much more on China’s economy than China relies on Japan.

China is the leading market for Japan’s manufacturing industry that supports the Japan’s economy, meanwhile, China is also an important import market for Japanese goods.

The profits of most of the Japanese companies come from the overseas market, in which the Chinese market is the main and regular source. Many industries in Japan, including electronic industry, machinery industry, automotive industry, appliance industry, and retail industry, make their profit margin mainly from China.

On the contrary, China’s main export market is not Japan, but the U.S., followed by the Europe. The proportion of the Japanese market has been declining in recent years.

The trade experts believe that if China reduce import quotas from Japan, it could expand the import from other countries, while if Japan reduce its export to China, it is hard to find another like market to fill in. 

The experts suggested that Japan’s consumers should recognize the importance of the Chinese market, and the growth of Japan’s companies and its people’s need cannot be cut off from the Chinese market. 

If China slaps economic sanctions upon Japan, Japan’s enterprises will suffer a great loss. For one thing, its unemployment rate will rise and the economy will possibly collapse, thus the ruling of Noda Yoshihiko and its Japanese Democratic Party could be toppled.

Related news:

Infighting for “buying” Diaoyu Islands

China: Japan's attempt to "nationalize" Diaoyu Islands proves in vain

Taiwan leader Ma Ying-jeou will visit islet close to Diaoyu Islands

Tokyo governor to rig up political ladder for ambitious son?

Diaoyu Islands incorporated into monitoring and surveillance system

Japanese gov’t reaches deal with Diaoyus owner: report

China lodges solemn representations on Japan's Diaoyus survey

Japan irks China with Diaoyu survey

Commentary: Japan gov't shouldn't be led by nose by rightists over Diaoyu Islands

Tokyo govt starts illegal survey near Diaoyu Islands



Add Your Comments:

Your Name:
Your Country:
(English Only)
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.