First of all, bilateral trade between China and Japan has made important contributions to the economic development of both sides. For a long time, Japan has been one of the most important export markets in China. The trade volume between China and China accounts for about 20% of the total trade volume in the highest year. The continuous expansion of trade with China has greatly promoted the cause of reform and opening up and the rapid growth of the entire national economy. The role of Sino-Japanese trade in Japan's economic recovery is also very obvious. 1990 by 2003, 44% of the added value of Japanese exports came from China, and if Hongkong is added, it will reach 56%. China's economic growth will not pose a threat to Japan, but only bring benefits, which has been basically recognized by all walks of life in Japan.

Second, the expansion of Japanese direct investment in China. This not only brought capital to China, but also advanced technology and modern management experience, which improved the technical content and quality of our products and enhanced the international competitiveness of our products. China imported a large number of Japanese technologies and equipment, which promoted the modernization and technological progress of China's industrial equipment, while Japan's technology export to China extended the life cycle of Japanese products and technology and gained rich benefits.

Third, the Japanese invested heavily in setting up factories in China. This has found a good way out for the surplus funds in Japan, which not only won rich returns, but also promoted the upgrading of Japan's industrial structure; On the other hand, it has also expanded employment and residents' income in China. At present, there are more than 1 10,000 employees in Japanese-funded enterprises (including Sino-Japanese joint ventures), and there are even more employees in supporting, service and circulation enterprises related to these enterprises.

Fourth, in today's economic globalization, bilateral economic exchanges between China and Japan have been integrated into the world economy and regional economy. Since 1990s, the export contribution rate of foreign-funded enterprises has been very high, accounting for about half of China's foreign exports, accounting for 57.4% in 2004. It is estimated that at least 50% of the products produced by more than 20,000 Japanese-funded enterprises in China are exported, not only to Japan, but also to Europe and America. This has brought about a double impact: First, Japan expanded its trade with the United States and Europe by bypassing China; Second, China has also cooperated with Japan to expand its exports to the United States and Europe. It can be said that the current Sino-Japanese economic relations have gone far beyond the scope of the two countries, and will have a collateral effect on bilateral and even multilateral economic cooperation.

Fifth, China's mass consumer goods with high quality and low price are exported to Japan in large quantities, which has played an important role in alleviating Japan's economic depression and social stability. Since the 1990s, Japan's economy has been in a long-term downturn, especially since 1998, the unemployment rate has been rising, and the number of unemployed people has exceeded 3 million, resulting in a sharp increase in low-income and non-income people. The entry of cheap goods from China into the Japanese market has greatly reduced the living pressure of people with no income and low income, and played a positive role in helping them tide over the difficulties. At present, most of the middle and low-grade clothes and a considerable number of household appliances on the Japanese market come from China. Of course, "Made in China" Japanese brand goods can be seen everywhere in the China market.

Under the general pattern of economic globalization, the economies of various countries are closely integrated. In particular, the economic dependence between China and Japan is already very high, forming a situation of "you have me" and "I have you". In the vast majority of "Japanese goods", there are already quite a few "domestic products" components. Because most "Japanese goods", such as cars and household appliances, are produced by Sino-Japanese joint ventures, and the products include both Japanese technology and the wisdom and efforts of Japanese employees. Even pure "Japanese goods" imported from Japan may have their raw materials or parts imported from China. Even many "domestic products" or products imported from other countries may use Japanese technology. In this sense, pure "Japanese goods" hardly exist. Boycott of "Japanese goods" will make the Japanese economy suffer losses, but at the same time, China's economy will also be seriously affected.

Seize the opportunity and continue to strengthen Sino-Japanese economic cooperation

Sino-Japanese economic and trade relations are an important part and foundation of Sino-Japanese relations. Sino-Japanese economic cooperation is win-win and conforms to the interests of both countries. The interests of both sides have blended to an inseparable degree, and we have no reason not to safeguard them, especially in complex situations. From the perspective of China's long-term development strategy, we will continue to develop economic cooperation and good-neighborly relations with Japan. The solution of all problems in China will ultimately depend on the economic development and comprehensive national strength improvement of China. Of course, the final settlement of Sino-Japanese grievances will depend on the development of Japanese economy and the improvement of comprehensive national strength. As we all know, Japan has experienced a long period of economic depression since the 1990s, and is now moving towards recovery. Japan's advantages in capital, talents and technology have not been lost, which are the basic factors to promote economic development. Japan's position as the world's second largest economic country, the largest financial country and the largest creditor country has not changed. Japan's personal financial assets are 1400 trillion yen, and its foreign exchange reserves are more than 850 billion US dollars, which is the highest in the world. Moreover, Japan has advanced technology from applied technology to high-end technology, and its manufacturing technology is still far ahead in the world. Japan-China economic cooperation has obvious advantages. The comparative advantages of the two sides coexist and the complementary relationship will exist for a long time. There are many reasons why Japan's economy fell into depression in the 1990s, but judging from the recent reasons, the biggest problem is insufficient demand. Japan's economy has already entered a mature stage, and both personal consumption and public demand have begun to stagnate. Without the development of popular goods that can cause the consumption revolution, it is extremely unlikely to expand personal consumption. The increasingly profound childlessness and aging will further hinder the expansion of personal consumption. At present, the space for stimulating the economy through financial means and financial means is getting smaller and smaller. Therefore, expanding foreign exports has become the main driving force for maintaining economic recovery. Now, China (including Hongkong) has become Japan's largest trading partner. In the long run, China's economy is not only a huge boost to the Japanese economy, but also a long-term one. In order to maintain the momentum of sustained recovery, Japan is bound to further explore the China market, and the continuous expansion of Sino-Japanese trade in the future is inevitable.

From the perspective of Japanese enterprises, due to the long-term economic depression and weak market, the investment and development of enterprises are limited by space, and industries or enterprises that lose their competitiveness at home have to transfer overseas. At present, the sales of overseas manufacturing bases in Japan only account for 12% of the total manufacturing sales, which is far from the 25% in the United States. Although the direct investment in China has developed rapidly in recent years, it only accounts for about 10% of Japan's foreign direct investment, and its potential is still great. China has a huge market potential, which can provide a huge display space for Japanese enterprises. For several years in a row, more than 70% of Japanese large enterprises wishing to invest overseas have taken China as their first choice, and this trend will only get stronger and stronger in the future. The prospect of Japanese investment in China is very broad. In addition, China will gradually relax the "no entry" rule after its entry into WTO, and institutional investors including Japanese brokers are eager to try. I believe there will be a breakthrough in Japanese investment in China's capital market in the near future.

The Communist Party of China (CPC) 16 National Congress has clearly stated that China will enter a well-off society in an all-round way around 2020, with its GDP quadrupling that of 2000 and its per capita GDP exceeding 3,000 US dollars, reaching the level of middle-income countries. In order to achieve this grand goal, we need a peaceful and stable international environment and a good-neighborly and friendly environment. Strengthening Sino-Japanese economic cooperation is of great significance for ensuring and prolonging China's strategic opportunity period and promoting regional economic cooperation. Facts have proved that China's economic development can not be separated from Japan's cooperation, and Japan's economic development can not be separated from China's cooperation. The Japanese economy has already entered a mature stage, and at best, it can only be in a low-speed "cruising" state, while China is still in the development stage and in a high-speed rising stage. If Sino-Japanese economic and trade cooperation will bring the same real benefits to both sides, then from the perspective of marginal benefits, China's benefits will be far greater than Japan's. At present, China's economy is playing an increasingly important role in promoting Japan's sustained economic recovery, and Japan's dependence on China's economy and China's market is also increasing. We should make full use of this opportunity to strengthen economic cooperation with Japan while participating in international competition, especially in the fields of high-end technology and energy-saving technology, so as to enhance China's international competitiveness. By strengthening economic cooperation, we can promote the relaxation of political, diplomatic and national emotional contradictions.

If you really want to boycott Japanese loans, I think you might as well support domestic products wholeheartedly. After all, in addition to Japanese goods, our domestic products are also facing the impact of American and European goods.