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From Chinese media

Earthquake has little impact on Sino-Japan trade

Updated: 2011-04-11 13:34

By Zhao Tingting (chinadaily.com.cn)

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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.

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Customs data shows that bilateral trade between China and Japan reached $80.78 billion in the first three months of this year – up 27.1 percent year-on-year. In March, Sino-Japan trade stood at $31.91 billion, with exports of $18.77 billion and imports of $13.14 billion. That's higher than January and February.

China's exports to Japan may even increase, rather than decrease, to replace the lost production in Japan due to the 9.0-magnitude earthquake, according to a MerrillLynch report.

Amid growing fears of radiation contamination caused by the earthquake, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said that starting April 8, China banned imports of food, edible farm produce, along with fodders from 12 areas in Japan. On March 24, there were five Japanese counties being blacklisted.

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