The head of a hotel at the foot of Mount Fuji told CNN that cancellations from Chinese tourists -- which make up `` about 30 % to 40 % '' of his business -- are stacking up . Panasonic halted operations at three factories in China after violent protests . The company said it was "shocked and saddened" by the violence that broke out on Friday during a protest against its decision to close two plants in China. Panasonic reported two plants were damaged by weekend anti-Japan protesters . Chinese economist : `` The Sino-Japanese economic war has officially begun ''
Panasonic halted operations at three factories in China after violent protests . The company said it was "shocked and saddened" by the violence that broke out on Friday during a protest against its decision to close two plants in China. Panasonic reported two plants were damaged by weekend anti-Japan protesters . Chinese economist : `` The Sino-Japanese economic war has officially begun ''