China Turns to the EU and the USA to Make up the Lack of Supplies from Japan

China Turns to the EU and the USA to Make up the Lack of Supplies from Japan

Accordingtobusinessexperts,theshortageofsuppliescausedbytheearthquakeandtsunamiinJapanforcesChinatoturntoawiderangeofproductsfromEuropeandtheUnitedStates.ElectronicandmotorprocessingcompaniesinChinawillbegantoimportfromtheEuropeanUnionandtheUSinthenexttwotothreemonthssothattheproblemofstemmingshortagecanbesolved.

ChinadependlargelyonJapaninelectro-mechanicalproductsimport.Lastyear,about18percentofChina'selectro-mechanicalimportscamefromJapan,thatmakesJapanthelargestsourceofelectro-mechanicalproductsforChina.

TheearthquakeandtsunamihadgreatimpactonJapan'sexportsofsemiconductors,chipsforelectronicdevices,precisioninstruments,industrialbearings,autoandelectroniccomponents.Thecatastropheledtothesuspensionofmanyelectro-mechanicalandautomanufacturerssuchasSony,Sharp,Toyota,Toshiba,NissanandHonda.MorethanhalfofdomesticelectronicprocessingenterprisesinChinaagreewiththeopinionthattheimport,communicationandlogisticsofJapaneseelectro-mechanicalproductshavebeenaffectedseverely.

JapanesevehiclesalesinChinatakeupto27percentoftheChinamarket,theshortageofmotorcomponentswillleadtofewercarsproductioninChinabyJapanesemanufacturers.Thus,manybuyerswillturntoGerman,FrenchorAmericancars.

WithseveralfactoriesinChina,NissanMotorCorporationsaysitsstorageofsomecomponentswilllasttotheendofMarch.ButwhenthesuppliesfromJapanwillresumeisunsure,andifthatkindofsituationlastfortoolong,theywillchoosetobuycomponentsfromEuropeancountries.EricssonLtdinChina'sbranchsaidthatithasbeentryingitsbesttomaintainthesuppliesofcomponentssuchassemiconductors,memorychipsandbatteries.

Therearestillalargenumberofhigh-techcomponentsneedtobeimportedfromJapan,whilethefullresumeofsemiconductorsandelectronicchipscannotachieveinashorttime.SoChineseenterprisesshouldgetreadyforimportingexpensiveprecisioninstrumentsandbearingsfromGermany,SwitzerlandandSweden,electronicchipsfromSiliconValleyandvehiclecomponentsfromDetroit.

With13percentofexportofmachinery,electronicproducts,vehicleandsoon,JapanwasthethirdbiggesttradingpartnertoChinalastyear.BilateraltradebetweenChinaandJapanare21billiondollarsinFebruary,andChinahaveadeficitof4.62billiondollars,accordingtoreportonChinaDaily.ItalsosaidthattheshortageofJapaneseelectro-mechanicalproductstosomeextentwillreinforcethehigh-techtradecooperationsbetweenChina,theEUandUSAinthesecondhalfofthisyear.TherelatedintegratedcircuitisMA781.

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