Latest News:  

English>>Business

Japanese car sales to China set to recover amid yen fears

(China Daily)

08:51, February 21, 2013

Japanese trade officials expect auto exports to China to recover by the second half of this year, to the same levels they were before the recent territorial dispute between the two countries.

She Xing, an economic officer at the Japan External Trade Organization, or JETRO, said on Wednesday that Japanese cars sales suffered a 40 percent decline in September in China.

But between October and December, monthly sales had risen gradually, thanks to a series of promotions by Japan's carmakers.

Japan's illegal "purchase" of the Diaoyu Islands in September raised tensions between the two nations, and has influenced bilateral trade and investment in various areas, as well as the auto industry.

Both Toyota Motor Corp and Nissan Motor Co have announced 5 percent drops in sales to China last year, the first time Japan's two largest auto manufacturers have experienced falls since entering the market a decade ago.

Honda Motor Co saw a 3 percent drop in sales.

China is Japan's largest trading partner, and in 2012 the two countries experienced the first fall in bilateral trade value since the global financial crisis.

JETRO figures show that bilateral trade was worth $329.46 billion in 2012, down 3.9 percent from 2011.

However, officials are predicting a slight rise in trade between the two countries in 2013, She said.

The latest Customs data show that China's imports from Japan rose by 15.4 percent to $12.08 billion in January.


【1】 【2】

We recommend:

New vehicles unveiled at Canadian Int'l Auto Show

Video: Facebook targeted by hackers

Sanya duty-free shops see surging sales

Juniper buries doubts on boom

3D printing reshapes manufacturing

Hongyanhe nuclear power station in NE China

Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's 14th escort fleet sails for Somali

  2. Female soldiers training in cold winter

  3. Pakistanis mourn for victims of deadly blast in Quetta

  4. Impressive moments of Beijing since 1950s

  5. Exploring top private clubs in China

  6. Employees punished to run half-naked

  7. Mo Yan's Our Jing Ke: Downfall by design

  8. Glamor Zhang Xinyi's street style

  9. Liquor makers fined for price monopoly

  10. Keeping the brand full of beans

Most Popular

Opinions

  1. Keeping the brand full of beans
  2. Brighter outlook for property companies
  3. Lantern Festival losing its luster
  4. How to build new type ties between big powers?
  5. Diplomacy to help China become global power
  6. Commentary: China sees Africa as true friend
  7. Mind your manners
  8. Football penalties 'too soft'
  9. Juvenile crime rules 'hard to follow'
  10. CCTV's Spring Festival Gala: Glory days gone

What’s happening in China

Surrealistic impression shown in fog

  1. Companies struggle to find, keep workers
  2. City experiences sudden baby boom
  3. China mulls BBQ ban in major cities
  4. City bids farewell to young hero
  5. Overfishing depleting sea resources