日本对华直接投资对中日贸易的影响.pdf

2005 5 No. 5. 2005 143 Contemporary Economy of Japan VoI.143 日本对华直接投资对中日贸易的影响 A The Effect of Japan’s Direct Investment in China on Sino-Japanese Trade WU Hao Northeast Asia Studies Center, Jilin University, Changchun, Jilin, 130012, China Abstract The proportion of Japan’s direct investment in the manufacturing industries of China has been continually increased since the 1990s, bringing more weight to the effect on Sino-Japanese trade relations. The effect of Japan’s direct investment in China on the volumes of Sino-Japanese trade is represented chiefly by such factors as its substitution effect, induction effect, inverse export effect, and trade diversion effect. The substitution effect of Japan’s direct investment in China is, on the whole, fairly limited, which has, however, exercised an apparent propelling force on the development of Sino-Japanese trade. Japan’s direct investment in China has also greatly affected the structure of Sino-Japanese trade commodities, as evidenced by the steady decrease of the proportion of finished industrial products in Japan’s exports to China, while the proportion of key spare parts and production equipment keeps coming up; as far as China is concerned, the proportion of industrial products, especially of f