China remains attractive to Japanese investors
April 30, 2013 Category Foreign investment, Weekly
China will remain the top destination for Japanese investment over the next five years, although Japan’s capital inflow to the country may slow down, according to a survey by the Japan External Trade Organization (JETRO). Of more than 1,000 Japanese companies surveyed, 62.1% chose China as the first place they would invest within the next five years, 10.7 percentage points lower than in 2011. India has been developing into an alternative and is the second most attractive overseas investment destination for Japanese companies, but it is still difficult to estimate whether India will overtake China as the biggest overseas investment destination for Japanese investors, JETRO said. 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 invested CNY3 billion to jointly expand its real estate business with the Hong Kong Yida Group in Dalian, Liaoning province. Japanese food manufacturer Ajinomoto Group Corp is planning to spend USD13.6 million to expand its production line in Shanghai, while Meiko Trading Co invested USD6 million to establish electronic equipment leasing shops in China. Japanese casual wear designer, manufacturer and retailer Uniqlo is also planning to open more stores in China. Japanese investment in China declined 6.7% year-on-year to USD1.27 billion in the first two months, but its investment in China in March surged 43.2% to USD1.02 billion, according to the Ministry of Commerce (MOFCOM), as reported in the China Daily.
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