According to the latest data published by Japan External Trade Organization (JETRO), Japan's exports to China in the first half of the year fell to their lowest level in four years. The year-over-year decline in Japanese exports to China grows from 14.8% in the second half of last year to 16.7% in the first half of this year. Moreover, Japan's imports of Chinese goods also fell6.1%. These data coincides with Anbound’s judgment that China and Japan have entered a new phase of "Cold" relation both economically and politically.