Anexo I: Trade and investment relationship Between Japan and China

• Author: Àngels Pelegrín Solé
• Profession: Profesora titular de economía UB. Co-directora Instituto Confucio de Barcelona
• Pages: 173-178

ANEXO I

TRADE AND INVESTMENT

RELATIONSHIP BETWEEN JAPAN

AND CHINA

Àngels Pelegrín solé

Profesora titular de economía UB.

Co-directora Instituto Confucio de Barcelona.

Coordinadora UB para el este y sudeste asiático

In the 1980s, economic relations between Japan and China

were based on bilateral long-term agreements. Japanese ex-

ports to China —mainly iron and steel products— accounted

for no more than 7 percent of all Japanese exports, while Jap-

anese imports from China— mainly crude oil —accounted for

slightly less than 5 percent of all Japanese imports 1. Due to

the strong yen, Japanese labour-intensive industries and elec-

tric and electronic goods manufacturers decided to move to

Southeast Asia and China in search of high-quality, low-cost

labour.

During the 1990s, trade became more diversif‌ied. Japan

increased its imports of manufactured goods from China, es-

pecially traditional goods such as textiles, clothing and foot-

1 According to the Japanese Tariff Association.

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