In the context of geopolitical tensions and the slowdown of China's economic recovery, the number of Japanese companies planning to expand business in China has fallen to the lowest point of history.
Bloomberg News reported on Wednesday (November 22) that the annual report of the Japan Trade Revitalization Institution (Jetro) found that only 27.7%of the company said that only 27.7%of the company said that they are expected to be in the future.Increasing business in China within two years, this is the first time that the number has fallen below 30%in comparable records since 2007.
It is reported that this shows that Japanese companies' interest in China ’s maximum trading partner suddenly declined because more than 40%of Japanese companies were also planned to expand in China two years ago.
The survey shows that the uncertain economic prospects in China are one of the reasons for the weakening of Japanese companies.Some companies say that sales have decreased due to decreased demand, while others blame it on the future of Chinese cars' sales uncertainty.In addition, China's geopolitical risks are becoming more and more serious, especially for large companies.
While weakening interest in China, Japanese companies' interest in India and Brazil is increasing.The report shows that about three -quarters of Japanese companies plans to expand their business in Brazil in India and nearly 70%of Japanese companies.
Chinese President Xi Jinping met with Japanese Prime Minister Kishida Wenxiong last week.The two sides agreed to maintain and communicate with each level of dialogue, and based on a constructive attitude, they found the appropriate way to solve the problem of the Fukushima nuclear waste water discharge problem through negotiations.
