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People's Daily Online>>China Business

China becomes Japan's largest trading partner for five consecutive years

By Liu Junguo (People's Daily)

16:37, February 21, 2012

Edited and translated by People's Daily Online

China-Japan trade volume hit a record high of more than 344.9 billion U.S. dollars in 2011, up over 14 percent from the previous year, the Japan External Trade Organization (JETO) recently said.

China accounted for nearly 21 percent of Japan's total foreign trade volume last year, and has been the country's largest trading partner for five consecutive years.

The JETO predicts that China-Japan trade volume will hit a new high of more than 350 billion U.S. dollars in 2012 despite slower growth.

This year, Japan's imports of high value-added products from China will continue to increase, but its exports will be affected by China’s economic slowdown and other factors.

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