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60% of Japanese Companies Expect China Market Deterioration, 3 Months of Decline... Requests for Visa Exemption Resurgence
- Writing language: Korean
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Base country: Japan
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It has been revealed that 60% of Japanese companies operating in China responded that their future business outlook is "worsening" or "slightly worsening." This marks a continuous decline for three consecutive months.
The Japan-China Business Leaders' Association announced the results of its "Business Sentiment Survey" for the April-June period on the 30th. This survey targeted approximately 8,000 Japanese companies operating in China, with 1,760 companies responding.
According to the survey results, regarding sales trends, 32% responded with "increasing" or "slightly increasing," representing a 12%p improvement compared to the previous quarter. However, 44%, nearly half, responded with "worsening" or "slightly worsening."
Regarding the scale of investment this year, 40% responded with "same as the previous year," while 45% responded with "decrease compared to the previous year" or "no investment this year." There was no significant change compared to the previous quarter. However, there were many opinions that the "Chinese economy is uncertain," and some voices expressed difficulties such as "intensifying price competition, leading to unclear profitability, making it inevitable to suppress investment."
In particular, the percentage of companies responding with "worsening" or "slightly worsening" regarding the outlook for the Chinese market this year reached 60%, a 10%p increase from the previous quarter, marking a three-month continuous decline.
In addition, while requests for "resumption of visa-free re-entry" have flooded in, concerns about the anti-espionage law that makes it difficult for Japanese companies to send business trips have continued, with voices urging for "clear communication of details."
Furthermore, following the assault incident involving Japanese parents and children that occurred in Suzhou City, Jiangsu Province in June, a new request has been made for "strengthened safety measures for Japanese residents in China."
