More than half of Japanese companies plan to expand or maintain investment in China in 2024, according to a survey by the Japanese Chamber of Commerce and Industry in China that was released on Tuesday, underscoring their confidence in the China market, driven by improved business conditions and policy support.
The survey showed that Japanese firms recognize the pivotal role of the China market in their global strategy and are keen to capitalize on the opportunities presented by China's high-quality development, despite external uncertainties stemming from intensified US actions targeting China, analysts said.
The survey received 1,741 responses, primarily from the manufacturing sector. The survey was conducted from March 18 to April 12 to grasp the situation of Japanese companies in China and understand the changing market environment.
Among the surveyed companies, 56 percent said that they would increase or maintain their investment in China this year.
