On November 21, Japan's ** Promotion Organization (JETRO) announced the results of a survey on the current situation of Japanese companies around the world. According to the data, 27 percent of Japanese companies in China said they would "expand" their business in the next year or two7%, the lowest level since 2007. The reason for this is that the slowdown in economic growth has led to a contraction in the Chinese market.
In 2018, before the pandemic, there were 48Seven percent of the companies surveyed said they would "expand" their business in China. The reasons cited by companies that they would downsize their operations included "reduced production by customers" and "increased risk awareness in China."
On the other hand, there is only 0Seven percent of companies said they intended to "move to a third country or withdraw" their operations in China. At the press conference, JETRO Chairman Kenhiko Ishiguro said that the importance of the Chinese market to Japan will not change, and the results of the survey reflect the attitude of Japanese companies that intend to continue to develop their business in China.
Many companies have indicated that they will "expand" in emerging developing countries known as the "Global South", such as India (75.).6%), Brazil (689%), South Africa (577%), etc.
The survey was conducted online with 18,726 Japanese companies in 83 countries and regions. A total of 7,632 responses were received.