While a nuclear expert in China has said that Japan's nuclear crisis will have no impact on China, Morgan Stanley begs to differ. Here's what the global financial services firm had to say on some of the numbers on the connection between the Japanese and Chinese economies:
In terms of trade by destinations / origins: In 2010, Japan remained one of China's most important trade partners, accounting for about 8% of China's total exports, while China sourced 13% of its imports from Japan. Incrementally, however, Japan contributed only 1.9ppt to the 31.3% YoY growth in China's total exports, and 4.6ppt to the 38.9% YoY growth in total imports.
In terms of trade by products: In 2010, the majority of trade between China and Japan was in mineral, vegetable & animal products, machinery as well as base metals. China ran the biggest trade surplus with Japan in textiles, and the biggest trade deficit in machinery and electrical equipment. Trade in machinery and electrical equipment was the main driver of growth in both exports to and imports from Japan.
In terms of trade by major categories of commodities: In 2010, 36% of China's coal exports and 21% of crude petroleum oil exports went to Japan; 44% of China's steel product imports and 27% of aluminum product imports were from Japan.
It's hard to believe that even pros can miss a goal, especially when the goal is open and clear. How did they miss in the first place? Too much pressure? Too excited? Either way, here are some really embarrassing 18 goal fails in soccer. Check it out: Read more
Min Chen, the Malaysian girl whose Instagram account got famous a few months ago isn't the only cute face in her family. Turns out she's got a sister who is just or possibly hotter. This is her model sister - Brandy Akiko. Read more
If there was one thing I wished I learned earlier in life, is the concept of handling money properly. Today, more than ever, we're seeing the cost of things go up. Forcing us to stretch our money further with less things in return for the same value we paid for back then. It's a much more different time compared to before, and if you're just entering the workforce or have not been making these tips part of how you run your life, then you should, right now. Read more