Business · Companies · 8 hrs ago

Japanese companies in China fall to lowest level in 16 years

Japanese companies in China fall to lowest level in 16 years

The number of Japanese companies operating in China has fallen by more than 22%, to about 10,000.

That is the lowest level in 16 years.

Companies are moving some production to other parts of Asia.

Local competitors and higher costs in China are putting pressure on their profits.

US tariffs are also contributing to the shift.

Experts say diplomatic tensions and negative sentiment toward Japan are also factors in companies leaving China.

Sources

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