Japanese firms in China expect economic prospects in the world's second-largest economy to remain grim this year, according to a report from the Japanese Chamber of Commerce and Industry in China released on Monday. China is Japan's largest trading partner, and one of the biggest investment destinations for Japanese companies. Uncertainty about China's economic prospects and pessimism about weak demand were cited as top reasons why 48% of the companies surveyed said they did not invest in China or reduced their investment in 2023 compared to a year earlier.
(Bloomberg) Japanese companies in China see the economic situation as grim, according to a new report from the Japanese Chamber of Commerce and Industry in China released Thursday. Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaScalise Ends House Speaker Bid, Deepening Republican TurmoilIsrael Latest: Hamas Leaders Targeted as Ground War LoomsGhost in the Machine: How Fake Parts Infiltrate
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on June 8 suggested enhancing cooperation and coordination between Japanese firms in the city and local enterprises.