Latest News:  

English>>Business

China still top spot for Japanese companies (2)

By BAO CHANG  (China Daily)

17:23, April 25, 2013

According to the survey, Japanese enterprises with a shorter presence in China have a stronger willingness to increase investment in the market.

Some large-scale investment projects have been launched by Japanese companies in several Chinese cities in the first three months of the year.

Sumitomo Group, one of the largest Japanese conglomerates, invested 3 billion yuan ($482.7 million) to jointly expand real estate business with Hong Kong Yida Group in Dalian, Liaoning province.

Japanese food manufacturer, Ajinomoto Group Corp, is planning to spend $13.6 million to expand its production line in Shanghai.

As the first step toward gaining a foothold in the Chinese market, Meiko Trading Co Ltd invested $6 million to establish electronic equipment leasing shops in China, the first of which will be opened in Hong Kong.

"Being optimistic about economic growth in China, Japanese companies will continue to invest in the Chinese market," said Jiang Yuechun, director of the Department for World Economy and Development at the China Institute of International Studies.

"More capital from Japanese companies may flow into the retail and service industries in which business could be developed very well without enormous spending on technology," said Yao from the CASS.

Fueled by huge demand in China, Japanese casual wear designer, manufacturer and retailer Uniqlo is planning to open more stores in China.

Japanese investment in China declined 6.7 percent year-on-year to $1.27 billion in the first two months, but its investment in China in March surged 43.2 percent to $1.02 billion, according to the Ministry of Commerce.

Chinese enterprises are trying hard to promote competitiveness, including technical skills and brand image, in which they are weaker than their Japanese counterparts.

【1】 【2】



We Recommend:

Apple CEO apologizes over China warranties

Nokia closes its flagship store in Shanghai

The 10 most expensive houses in China

$52 million super luxury yacht

The many stories behind Apple's bite on its logo

Looking abroad for a new home

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Military high-techs used in quake rescue

  2. Qingdao destroyer open to visitors

  3. 22nd ASEAN Summit kicks off in Brunei

  4. Cool shades as summer is coming

  5. A migrant worker’s life after work in photos

  6. Preventing disease after the quake

  7. China motor fashion show debuts in Beijing

  8. WAGs of snooker players

  9. Entrepreneurs see potential in market

  10. No new stimulus needed as economy remains stable

Most Popular

Opinions

  1. Insisting on wrong road, Japan has no future
  2. US 'turns blind eye to human rights'
  3. Are cities expanding too fast and too soon?
  4. Homework, games limit kids' reading
  5. Commentary: Quake-hit China grows in pain
  6. Loan guidance is good for banks, report says
  7. IMF should act responsibly
  8. Terrorist attacks should not be regionally labeled
  9. Texas town: like whipped by powerful tornado
  10. High land premiums set to affect profits

What’s happening in China

Giant pandas safe in quake-hit zone

  1. Chinese condoms found faulty
  2. Student in UK jailed for attempting bribe
  3. Suspect behind 'poker card' murder arrested
  4. All prisoners in quake area were safely evacuated
  5. Official dies in custody, family wants answers