Asia: China replaces US as Japan's biggest export market

China has replaced the United States as Japan's biggest export destination, underlining the Olympic host's emergence as a global economic power.

Japan's finance ministry said exports to China outstripped those to the US in July, marking the 38th consecutive increase in exports to its Asian neighbour. It was the first time Japan had sold more goods to China than to any other country since the government started keeping records in 1950. Economists are skeptical that exports to China will continue to drive Japan's faltering economic recovery.

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