The Japan Chamber of Commerce and Industry in China has launched the outcomes of a survey focusing on Japanese corporations working in China, revealing that over half of them report worsening gross sales traits.

On May 14, the Japan Chamber of Commerce and Industry in China introduced the outcomes of the “Economic and Business Environment Survey” performed from March to April.

This was the third survey performed, following the earlier one on the finish of final 12 months, focusing on roughly 8,000 Japanese corporations in China and receiving 1,741 responses.

Regarding gross sales traits, 56% of respondents reported “decline” or “slight decline,” a 9-point enhance from the earlier survey. Particularly, corporations associated to the auto sector, going through intensified value competitors in new vitality autos, reported a big enhance from 30% to 72% in gross sales decline in comparison with the earlier survey.

For this 12 months’s forecast of the Chinese market, 50% of corporations responded with “deterioration” or “slight deterioration,” an 11-point enhance from the earlier survey.

On the opposite hand, the proportion of corporations reporting plans to “reduce investment” or “not invest this year” decreased by 4 factors to 44%, exhibiting a slight enchancment.

Among the businesses that reported lowering funding, some indicated plans to proceed investing in analysis and growth and human useful resource growth, highlighting their strategic foresight.

Tetsuro Honma, Chairman of the Japan Chamber of Commerce and Industry in China, analyzed, “Many companies are taking preemptive measures to survive,” and emphasised, “We will continue to urge the Chinese side to improve the business environment.”

Source: ANN