Japanese Firms Stay Hopeful on China Business Despite Tensions
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Japanese firms remain optimistic about business opportunities in China despite geopolitical tensions. Companies like Takeda continue to prosper in the Chinese market.
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Trade between Japan and China has declined recently, with Japan's exports to China down for 11 straight months. Challenges like visa issues and market access restrictions persist.
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At the China International Import Expo, Japanese companies showed eagerness to continue investing in China. They avoid discussing politics and emphasize civilian applications.
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Some Japanese firms are still betting on China's post-COVID consumer recovery, though they want China to improve business conditions. Companies are cautious amid intensifying rivalry.
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Experts say it's natural some Japanese firms will lose out as Chinese companies rise. But many still see leaving China's huge market as nonsensical despite risks.