Foreign Media Said Japan'S Exports To China Stopped In January, And It Lost 154 Billion US Dollars.

Beijing time September 26th afternoon, Diaoyu Islands The territorial dispute has worsened relations between China and Japan and has spread to business between Asia's two largest economies.

Because of Japan's attempt to nationalize the Diaoyu Islands and the strong indignation of the Chinese people, anti Japanese protests have led to the closure of some Japanese car dealers. These Japanese car companies have a dim prospect of selling the world's top auto market in China's auto market. Japanese automakers TOYOTA motor, Nissan and SUZUKI motor's Chinese factories cut production. Airlines from China and Japan have also cancelled or delayed flights between the two countries. It is understood that Japanese enterprises have closed hundreds of shops and factories in China, and some Japanese workers have returned to China.

China and Japan Economics What is the connection? The following is the data compiled by Reuters:

Economic loss valuation

Daiwa Institute of Research said if Japan China's shipments will drop to zero in a month, then Japan will lose 12 trillion yen (about 154 billion US dollars). According to Japan's Institute of technology, Japan's factory output will lose 2 trillion and 200 billion yen under the same conditions. The Institute also estimates that if Japan's auto exports cease for a month, that will mean a loss of 144 billion 500 million yen.

SMBC Nikko Securities estimates that if the Anti Japanese demonstrations continue for a month, Japanese products will also stop selling in China for a month, and the total sales will be reduced by around 1 trillion and 500 billion yen.

Trade

China has overtaken the US as Japan's largest export market in 2009, according to data from the Finance Ministry. In 2011, Japan's exports to China accounted for nearly 1/5 of its total exports, which was less than 7.7% in 2001.

According to the General Administration of Customs of China, Japan is China's third largest trading partner, second only to the European Union and the United States. The trade between the two largest economies increased by 11.7% in 2011, reaching 345 billion dollars.

Direct investment

In 2011, Japan's direct investment in China reached 1 trillion yen, an increase of 60%, higher than the record value of 726 billion yen in 2005. In the same year, China's direct investment in Japan dropped sharply from 27 billion 600 million yen in 2010 to 8 billion 900 million yen, but still far above the level of 1 billion 300 million yen in 2005.

Japanese enterprise

As of October 1, 2011, there were more than 33400 Japanese companies in mainland China and Hongkong, an increase of 75.4% over 2010.