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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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For the first time since 1985, China has overtaken Japan as America’s most important Asian partner, according to a new survey from the Japanese Foreign Ministry and Gallup that polled 200 U.S. opinion leaders. As the survey shows, 54% of opinion leaders chose Japan as the U.S.’s most important Asian ally in 2008, and 38% chose China in 2008; while 36% chose Japan in 2010, and 56% chose China in 2010.
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| China Now Japan's Top Trade Partner |
 Japan's exports to China have topped those to the United States for the first time since World War II, while Japan saw its largest year-on-year drop in both exports and imports, statistics released Wednesday by the Finance Ministry showed, wrote the Asianewsnet.Japan's trade surplus rose 36.1 percent from a year earlier to 2.81 trillion yen--the first increase in two years. Total exports in 2009 on a customs-cleared basis stood at 54.18 trillion yen, posting a 33.1 percent drop from a year earlier, while imports fell by 34.9 percent to 51.37 trillion yen. Although China-bound shipments in 2009 dropped 20.9 percent from a year earlier to 10.24 trillion yen, China became the largest purchaser of Japanese products because exports to the United States plunged by a whopping 38.5 percent to 8.74 trillion yen from 14.21 trillion yen in 2008, mainly due to the worldwide economic contraction. The United States had been the largest importer of Japanese products, followed by China since 2001. A huge fall in shipments of motor vehicles, iron and steel products, and others such as semiconductors, pushed down overall exports in 2009. Motor vehicle exports fell especially steeply -- by 51.3 percent--from a year earlier. By area, exports to the European Union fell 40.9 percent from the year before, while the drop in exports to all Asian nations stood at 26.6 percent. Japan's shipments to Asia stood at 29.35 trillion yen, accounting for more than half of total exports. China, which already exceeded the United States in total trade volume in 2007, became Japan's largest trade partner in both exports and imports in 2009. 
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