Current Status and Prospects of Sino-Japanesf Economic and Trade Relations

Ma Junlei

Chinese Economy, 1983, vol. 16, issue 4, 63-69

Abstract: Since China and Japan restored their diplomatic relations in September 1972, trade between the two countries has moved further ahead on the basis of then existing nongovernmental trade relations. Except in 1976, trade volume has registered a rapid growth several years in a row. Statistics released by Japanese Customs indicated that trade was U.S. $1.1 billion in 1972 and $5.079 billion in 1978. It reached $10.389 billion in 1981, or 3.52 percent of Japan's total foreign trade and 24.7 percent of China's. Of this, China exported to Japan $5.292 billion worth of goods, a 22.4 percent increase over the preceding year. This trade accounted for 3.7 percent of Japan's total imports and 22 percent of China's total exports. Conversely, China imported from Japan $5.097 billion in products, or a 0.4 percent increase over the preceding year. This trade accounted for 3.35 percent of Japan's total exports and 27.6 percent of China's total imports.

Date: 1983
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