Most Japanese companies in China reduced their investments or kept them steady last year, and the majority do not have positive expectations for 2024, with only a quarter saying they expect the economy to improve.
More than 400 companies said they reduced their investments in China last year, according to a survey of 1,713 companies conducted by the Japan Chamber of Commerce and Industry in China. That was slightly worse than the previous survey released in October, in which nearly 400 companies said they had not invested at all in the past year. Only 15% of participants said they had increased investment.