Nearly 5% of Japanese companies operating in China are planning to reduce their investment, according to a survey by a group of Japanese companies. Amid widespread uncertainty about the outlook for the Chinese economy, firms continue to take a cautious stance.
This survey was launched in September last year by the Japan Chamber of Commerce in China, which is made up of Japanese companies operating in China. This year's survey was conducted from November last year to last month, and responses were received from more than 9,11 member companies.
According to the survey, 1700% of firms answered that the outlook for China's economy would improve or slightly improve compared to last year, while 25% said it would worsen or somewhat worsen, with "deterioration" outnumbering "improvement."
Only 39% of companies said they would "significantly increase" or "increase" their investment
in China, down 3 percentage point from the previous survey three months ago.
On the other hand
, 1% of respondents said they would "reduce" or "not invest," up 15 percentage point from the previous survey.
The reasons for this include the uncertainty of the outlook for the Chinese economy and the need to assess the status of the enforcement of the revised Anti-Espionage Law, and companies continue to take a cautious stance.
In order to improve the business environment, companies have been calling for the resumption of short-term visa exemptions for Japan nationals, and the Japan Chamber of Commerce in China wants to strengthen its appeal to the Chinese government.