The Expansion Of Trade Between Japan And China Coincides With The Recovery Of Japan'S Economy

Like most Japanese who worked for only one company in their lifetime, Nakasone started working in Mitsubishi after graduating from the law department of Tohoku University in 1973. At present, he serves as China's general representative in Mitsubishi and is also the president of the Japanese Chamber of Commerce in China. On the afternoon of June 17, Mr. Hideki nakara, as president of the Japanese Chamber of Commerce, gave an interview to our newspaper on the theme of 30 years' history and current situation of Japanese enterprises' business in China. Economic Observer: please introduce the current situation and history of Sino Japanese trade announced by Japan. Hideki nakara: in 1978, the total trade volume between Japan and China was only 5 billion US dollars. In 2006, it reached US $211.3 billion. In 2007, China became Japan's largest trade target country, with a total trade volume of 236 billion US dollars, which is quite a number. However, the growth rate of Japan's trade partners is only 13.9% in 2007? Hideki nakhara: I think the trade relationship between Japan and China is a very healthy and sustained growth. From January to March 2008, the total trade volume between Japan and China increased by 14.2% compared with the same period last year, and the growth rate was also very large. In addition, the proportion of Japan's total exports to GDP is not as large as that of China, and the trade volume between Japan and China accounts for a large proportion of Japan's import and export volume. In the 1990s, especially in the second half of the 20th century, Japan's economy entered a downturn. After 2000, Japan's economy began to recover, which coincided with the expansion of trade volume between Japan and China. Economic Observer: what is the profit created by Japanese enterprises in China and their contribution rate to the Japanese parent company? Hideki nakhara: take my company as an example. Last year, the total transaction volume of our company was 20 trillion yen, of which 1 trillion yen was related transactions with China. It can be said that our company's business in China is developing with the growth of China. Economic Observer: How have the fields and regions of Japan's investment in China changed in the past 30 years? Hideki nakhara: China's policy is to open up the coastal areas first, and the same is true for Japanese enterprises to invest in China. First of all, from Guangzhou, the Pearl River Delta to the Yangtze River Delta, and then northward to Shandong and Dalian, the investment of Japanese enterprises in these areas is relatively concentrated. In terms of fields, the investment fields of Japanese enterprises are also consistent with the development stage of China's economy. First, we will invest in light industries such as fiber and shoes, then we will invest in raw materials industry, heavy chemical industry, and now we will invest in automobile and related parts and it fields. Economic Observer: how is China's investment environment? Xiuren nakara: after China's accession to the WTO, China has gradually improved various legal systems, especially formulated many laws and regulations promptly. All this has increased investor confidence. On the other hand, if we don't make laws and implement them quickly, there will be some problems. The relatively frequent introduction of laws, from the perspective of investors, will worry about the stability of the policy. But I think these problems will certainly be solved over time. Economic Observer: at this stage, China's economy also has some problems, such as inflation, rising costs. In view of these problems, what are the most important concerns of Japanese enterprises in formulating their investment strategy in China? For xiuren, it is a very important topic for China. But this tension is not only in China, it is a problem facing the whole world. Although some of these indicators will not be optimistic for China's economic development, they will not be able to overcome all these difficulties.