Japan quake sends shockwave through Chinese economy

BEIJING, March 15 (Xinhua) -- Japan's massive earthquake and tsunami have sent shockwaves through China's economy, though it is not yet possible to estimate the total loss, analysts said Tuesday.

Trade between the two countries will definitely be affected in the short term, said an official with China's Ministry of Commerce.

In 2010, Japan was one of China's most important trade partners, accounting for about 8 percent of China's total exports, while China sourced 13 percent of its imports from Japan. The majority of trade between China and Japan was in vegetable and animal products, minerals, machinery and base metals, according to a report from Morgan Stanley Asia Limited.

via news.xinhuanet.com