Japan's devastating March 11 earthquake had little impact on Sino-Japan trade, Shanghai Securities News reported Monday. The report comes after foreign trade statistics were released April 10.
China-Japan trade has been around for decades in nearly all businesses, and shipping and logistics are a vital part of this connection.
Japan's lower-than-expected growth in the second quarter has definitely pointed to the imminent prospect of China overtaking Japan as the world's second-largest economy at the end of this year. But the international community should refrain from expecting too much from a developing economy that is still relatively poor per capita.
China may overtake Japan as the world's second-largest economy this year, but it remains a developing economy despite its fast growth, economists said. Chinese bullish on Japan's future growth China still a developing country