Saturday, December 18, 2010

In the first half of 2010, the total trade between China and Japan to a record high

17, Japan External Trade Organization (JETRO) published in the first half of June, 2010 in trade data, from January to June, the total trade between the two countries about 1383 billion, an increase of 34.5%, a new bilateral trade and a half years. Japan on Chinese exports reached a record $ 684, greatly increase 47.1% while imports from China also reached 699 million, an increase of 24.2%.

JETRO is of the view that Japan's exports was a record, mainly because China 4 trillion economic stimulus policies, domestic demand from the dramatic zoom, Japan imports of construction machinery, mining machinery, motor, integrated circuits, passenger cars is increasing very fast, while at the same time, China's exports to European and American markets, and promote recovery from Japan imported parts, raw materials increased.

As Japan's largest export market, China's exports to Japan 18.9% of total exports, compared to the second place in the United States by almost 4 percentage points. The strong growth of the Chinese economy is Japan's economic growth in the second quarter to 0.1%. Japan Fujitsu Senior Economist Martin · Schultz is of the view that Japan's economic growth is increasingly dependent on exports to China, "the more robust economic growth in China, Japan, the better. ”

But in the second half of JETRO believes that China's industrial output, fixed asset investment and consumption can be reduced, while at the same time, China's major export markets in Europe and the recovery of the uncertainties that may cause China's export growth callback, Japan exports to China will not be able to continue the rapid growth in the first half, but the whole year, China's large infrastructure construction will continue, Japan to China's export of high value-added components, raw materials and machinery will remain a certain amount of growth in exports to China are likely to exceed the total for 2008 and create a new record. In January 2008, the volume of bilateral trade to $ 2686.3 million, after the economic crisis affects decline.

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