BEIJING: Most Japanese companies (93%) have no plans to adjust their production base in China, according to a white paper issued by the Japanese Chamber of Commerce and Industry in China.
The Covid-19 pandemic and global economic slowdown had a limited impact on Japanese companies in China, the white paper said, adding that overall expectations in China were on the rise.
Compared with Japanese companies in other major countries and regions, those in China have more optimistic profits prediction.
A recent survey by the Japan External Trade Organisation found 63.5% of respondents reported profit last year, above the global average of 48.9%.
The white paper showed 36.6% of respondents plan to expand their Chinese businesses in the next one to two years, while the proportion of companies planning to shrink their businesses only accounted for 6.7%. — China Daily/ANN