The Nihon Keizai Shimbun reported on the 10th that according to the 2024 Trade White Paper released by the Japanese government on the 9th, a survey of the sources of imports of Japanese products found that the majority of imports from China accounted for 1,406 items, 2.5 times that of the United States. The Nihon Keizai Shimbun analyzed that this shows that Japan’s supply chain is highly dependent on China. Japan covered approximately 4,300 items based on trade statistics for 2022. The white paper used the Herfindahl-Hirschman Index (HHI) for a more detailed analysis. The index represents the trade concentration between Japan and its partner countries. When the HHI exceeds 50, the import of the relevant product is “highly dependent” on one import source. Since the report covers 4,300 items, it can be seen that about 40% of Japanese products are highly dependent on one import source, and many of them are China. Looking at the specific statistics, the products that Japan is “highly dependent” on imports from China are laptops, air conditioners, organic chemicals, rare earths, etc. According to another statistic, more than 90% of Japan’s imported home appliances come from China. In addition, China is also a major supplier of phosphorus, a raw material for chemical fertilizers in Japan. “China.com Japanese Edition (China.com)” July 13, 2024
Are they planning a war with China in this situation? Are Japanese people stupid? The moment a war breaks out, they will destroy themselves. The Self-Defense Forces are going crazy. The MSDF has boldly entered the territorial waters of China’s training area. Did they get hit by a stray bullet and start a war? [271912485]
Imported home appliances, for example, were only shifted to China because they were made cheaply, but if they can be made cheaply in other countries there is no need for China. Even if we try to reduce imports by weakening the yen, China is in a recession and the Chinese Communist Party has to save face, so they export at even higher dumping prices. So workers and banks bear the brunt of the dumping, causing public unrest. The current import of Chinese industrial products is tantamount to bleeding China.
Comments