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 Panasonic, Canon shutter China factories 
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Post Panasonic, Canon shutter China factories
Panasonic, Canon shutter China factories amid violent anti-Japan protests

By NBC News staff and wire reports

Major electronics firms Panasonic and Canon have temporarily suspended production at factories in China after a territorial dispute over a group of uninhabited islets in the East China Sea triggered violent anti-Japanese protests.

Sites linked to auto manufacturers Toyota and Honda have also been attacked in the unrest, which has forced frightened expatriates into hiding and sent relations between Asia's two biggest economies into crisis.

Ratcheting up tensions further on Monday, Chinese state media warned Japan it could suffer another "lost decade" if trade ties soured. Japan counted China as its top trade partner last year, with total two-way trade of more than $340 billion.

A report in the Japan Times on Monday, posted on Twitter, said 1,000 fishing boats were sailing towards the disputed islands - a move likely to further inflame tensions.

snip

Protests broke out across dozens of Chinese cities at the weekend, some violent, in response to the Japanese government's decision last week to buy some of the disputed islands from a private Japanese owner. The move incensed Beijing.

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Read more here: http://worldnews.nbcnews.com/_news/2012/09/17/13908056-panasonic-canon-shutter-china-factories-amid-violent-anti-japan-protests?lite

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Mon Sep 17, 2012 8:09 am
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