China becomes Japan's largest trading partner

China has become the largest trading partner of Japan with cumulative trade value rose 14 per cent year on year to US$191.9 billion from January to October in 2007.

At the same time Japan found itself the third largest trading partner of China. Value of trade between the two countries for the first time exceeded $200 billion in 2006. By the end of October, Japan has invested $60.8 billion in 39,334 projects in China, making it the second largest investor in China.

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