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The Sino-Japanese dispute over the Diaoyu Islands in the East China Sea triggered a large-scale anti-Japan demonstration this week. In some regions, the incidents involving Japanese companies were suspended, resulting in the temporary shutdown of many Japanese automakers. To date, Japan’s auto companies in China have reduced production by 14,000 vehicles. Automobiles, analysts estimate that Japanese car companies suffered short-term losses of 250 million U.S. dollars.
On September 25, the general debate of the 67th UN General Assembly was held at the UN headquarters in New York. The media described the UN general debate as a “political market for the worldâ€. Leaders and heads of government from 130 countries and foreign ministers gathered to promote their respective political views. In these two days, Japanese Prime Minister Noda We are also busy looking around for politicians from all over the world to talk about the Diaoyu Islands and seek support. Noda has long threatened to put the Diaoyu Islands issue on the UN General Assembly. How do evildoers first report that Japan intends to quibble before the world?
The Diaoyu Island incident is still escalating. The Chinese government has adopted economic sanctions in addition to the political diplomacy. Recently, China Customs began to intensify the inspection of Japanese products during the customs clearance process. In the ship collision incident in 2010, China also took the same measures. China has officially tightened its access to Japan's trade. Importing parts and components from Japan and other countries and assembling them in China and exporting them to the world has become a model of Japan-China trade. However, once the customs clearance of goods is hindered, it will have a huge impact on the world economy including China.
According to reports from Japan’s Kyodo News, Japan’s Toyota, Nissan and other Japanese automakers decided to reduce passenger car production in China on the 26th. The report believes that if the long-term production cuts in China, the operation of Japanese car manufacturers may be affected.
Toyota's auto factories in Guangdong and Tianjin revised their plan to stop production during the long holiday of China’s National Day due to a decrease in sales due to a decrease in inventory. Toyota stopped work on the 26th day in advance. After a long holiday, it will also temporarily reduce production.
Nissan's three factories in Guangdong and other places will stop production for three days starting from the 27th. Mazda's factory in Jiangsu will stop production for two days starting from the 28th. In order to cut output, Suzuki plans to change the production of daytime and nighttime shifts at the Chongqing Automobile Works from day 24 to 28 only during the day.
Honda said that it will carefully observe the impact on sales and have not yet decided whether to reduce production. Mitsubishi Motors said it has no plans to cut production. During the long holidays, the company's factories in China will stop work.
According to the data, in the middle of August, the overall sales of automobiles in the Chinese market increased by 11% compared with the same period of last year. Among them, the U.S. and German cars increased by more than 20%, while Japanese cars actually fell by 2%. Some analysts believe that Japan’s loss of this market is what makes other European and American auto companies take advantage of this. A certain person in charge of the China Automobile Industry Association clearly stated at the press conference: "This is related to the Diaoyu Island incident." Analysts pointed out that China is one of the most important markets in Japan. Japan’s products are “cold†in China and will have a more serious negative impact on the Japanese economy.