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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4280)	1/27/2005 9:18:06 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Japan depends on China, not US China has become Japan's biggest merchandise trading partner for the first time, according to The Australian. In Tokyo yesterday, the Ministry of Finance released preliminary data showing that in calendar 2004, Japan's two-way trade with China, including Hong Kong, amounted to Y22.2 trillion ($278 billion), representing 20.1per cent of Japan's total trade. "Our country's economy is influenced very much by other global economies, particularly those of the US and China," Prime Minister Junichiro Koizumi told parliament yesterday. "The fact that both of these economies are very stably expanding is positive for the Japanese economy." For the first time since such records began in 1947, China supplanted the US as Japan's top merchandise trade partner, though the Americans remain Japan's most important customers, buying Y13.7 trillion of Japanese exports last year. 27-Jan-2005 nbr.co.nz