Half of Japan firms in China foresee drop in investment: survey
About half of some 1,400 Japanese companies operating in China said in a recent survey they will either slash investment in 2023 compared with last year or forgo it altogether, the Japanese Chamber of Commerce and Industry in China said Thursday.
About 60 percent of the firms polled also said in the survey conducted last month they believe the Chinese economy will deteriorate in the July-September period compared with the previous quarter. The world’s second-largest economy faces problems such as a property sector crisis and high youth unemployment.
As for reasons to reduce investment in China...