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

To: RealMuLan who wrote (4714)	4/13/2005 8:08:34 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China, S.Korea boycott Japanese goods (upi News) BEIJING, April 12 : Anti-Japan protests in China and South Korea appear headed toward a boycott of Japanese goods likely to harm electronics, car and beer producers. Protests have escalated in both countries in recent weeks over Japan's approval of a revised history textbook that allegedly distorts Japanese actions in World War II, as well as recent Japanese moves to assert its claim over disputed islands. In China, two supermarket chains with more than 1,200 outlets between them have stopped selling Asahi beer and Ajinomoto food products, the Yomiuri Shimbun reported Tuesday. According to Asahi Breweries, shipments to China have fallen slightly. Some Japanese travel agencies report cancellations of trips to China. In South Korea, a home shopping channel dropped Sony and Canon digital cameras, and Toyota reported a 30 percent drop year on year in sales of its Lexus luxury sedans in March. South Korean food company C.J. Corp. on March 29 canceled a deal with Japanese Kirin Brewery Co. to bid for Korean brewery Jinro Co. The protests are also linked to Japan's bid for a permanent seat on the U.N. Security Council, which China actively opposes and South Korea increasingly stands against. A decision on the matter is expected in September. (World News) newkerala.com