China has been importing less from Japan even before the recent spat
17 September, 2012, 1:41. Posted by Zarathustra
The anti-Japan sentiment in China, caused by the territorial dispute between China and Japan over Diaoyu Islands, or Senkaku Islands in Japan, has not only led to widespread protests and looting of Japanese shops and restaurants, but also some suggesting of boycotts of Japanese goods.
As Japan’s biggest trading partner, China accounted for roughly 20% of all Japan’s exports. China has already been importing less goods and services this year as the economy slows even without the escalation of the territorial dispute. In fact, China’s import from Japan has been in contraction since late 2011. From the beginning of the year through August, import from Japan contracted by about 6% compared to the same period a year ago.
Source: China Customs
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.