Foreign investment banks think Japan's strong earthquake or delay in raising interest rates

Author: Xu Huan The Japanese earthquake has had a negative effect on the global economy, and yesterday, foreign investment bank economists interviewed by the Securities Times agreed that the Japanese disaster had limited impact on China and was currently confined to trade and had little impact in the long run. Wang Qing, chief economist at Morgan Stanley Greater China, said the impact of Japan's woes on China is currently limited to trade, with little impact in the long run and greater psychological impact than actual impact. He pointed out that China's exports to Japan now accounted for 8%, while the proportion of imports from Japan was only 13%.　　If Japan fails to recover in time, exports to China have not recovered in time or caused the supply chain to break in the relevant Chinese companies. In addition, Wang said that in terms of exports, some products are exported or affected due to poor traffic.　　In terms of foreign direct investment, as Japan's direct investment in China accounted for only 5% of China's overall, it is expected to have little impact. Ma, chief economist at Deutsche Bank Greater China, said that the Japanese earthquake also had a positive impact on the Chinese economy on the other hand. Because of Japan's nuclear leakage problem, or will increase the demand for traditional energy, this will be good for Chinese oil companies. Ma also said that if Japan's exports failed to recover in time, will lead to a disruption of China's supply chain, if so triggered the Chinese economic downturn, will not rule out the possibility of the Chinese central bank to delay the rate hike process. (Xu Huan)