Most Japanese Firms Don’t See China’s Economy Improving in 2024
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Most Japanese companies in China cut investment or kept it flat last year, and a majority don’t have a positive outlook for 2024, with only a quarter saying they expect the economy to improve.
More than 400 companies said they cut investment in China last year, according to a survey of 1,713 firms by the Japanese Chamber of Commerce and Industry in China. That was slightly worse than the previous survey released in October, with almost 400 companies saying they didn’t invest at all last year. Only 15% of respondents said they increased investment.