According to a white paper published in Beijing on Wednesday, the Japanese Chamber of Commerce and Industry in China will expect more and more Japanese companies to expand their business in China in the next one to two years, and profits will be better in 2018. .
A survey conducted in China at the end of last year showed that about 71.7% of Japanese companies achieved profitability in 2018, and the total number of businesses planned to expand in the next two years was 48.7%, which is the highest level in recent years, and according to the white paper, 44.8% People plan to maintain the status quo.
A white paper was released at a media conference in Beijing on Wednesday. Motoo Ono, chairman of the conference, said that this reflects the growing willingness of Japanese companies to expand their business in China.
The Chamber of Commerce began a survey of Japanese companies in China in 1998 to publish a white paper, and in 2015 found that the proportion of Japanese companies that China hopes to expand is the lowest, about 38.1%.
This figure climbed to 40.1% in 2016 and rose sharply to 48.3% in 2017.
Based on a survey of 8,765 Japanese companies in China, the white paper lists 470 recommendations made by Chinese Japanese companies to the Chinese government.
According to Ono, China’s first national foreign investment law, to be implemented in January 2020, covers the core recommendations of a white paper related to the establishment of modern market mechanisms and deepening administrative reforms and further opening up.
He said that Japanese companies are looking forward to the implementation of the law, which will help to further explore the Chinese market and will have a major impact on Japanese companies.
He said that despite the uncertainties in the world economy and rising labor costs, the Chinese market is now and will continue to be one of the most important markets for Japanese companies.
According to data from the Chinese Ministry of Commerce, Japan’s investment in China in 2017 was US$3.81 billion, a year-on-year increase of 16.5%.
