China - August 19, 2024

Japanese companies expand investment in China

(Voice_over)

China is encouraging Japanese companies to increase their investments in the country with more market access and a better business environment as incentives.

Some well-established companies, like this precision equipment manufacturer, have been building their presence in China for years.

The firm makes automotive angle sensors and components used in industrial robots and says roughly a quarter of its global annual sales-120 million U.S. dollars- are generated in China.

The company plans to build another factory later this year with an aim of doubling production capacity.

(Sound_bite)

Tadanori Matsuo, head, Japanese precision equipment manufacturer:

"We also look to gather more Chinese talents to speed up product development."

(Voice_over)

Meanwhile, Japanese firms in the healthcare, environmental and retail sectors, are also showing a strong interest in investing or expanding operations in China.

(Sound_bite)

Toyoki Oka, representative director; Secretary-General, Japan-China Investment Promotion Organization (JCIPO):

"I deeply feel China's determination to improve the investment environment and the country has been accelerating its efforts in this."

(Voice_over)

According to a recent survey by the Japanese Chamber of Commerce and Industry in China, over half of Japanese companies are bullish on China's development, and plan to maintain or increase their investments in the near term.

[Restriction: No access Chinese mainland]