BIZCHINA / Top Biz News

Co-op with China vital for Japan's firms
(Chinanews.cn)
Updated: 2006-06-01 14:15

Japanese enterprises' China dependency ratio is on the rise. Many Japanese corporations told Chinese Commerce Minister Bo Xilai during his current visit in Japan that their companies' development cannot be separated from their cooperation with China and they will continue to expand their businesses in China.

During his visit, Bo Xilai held talks with some small and medium-sized Japanese enterprises. The 14 companies attending the talks all showed great interest in the huge Chinese market and hoped to expand cooperation with China.

A survey shows that over 70% of Japanese enterprises are quite satisfied with their operations in China and more than 60% of them hope to increase their investment in China.

According to Japanese statistics, there were 3,557 Japanese enterprises in China in the year 2004, accounting for 20% of Japan's overseas enterprises. The 18.5 trillion yen revenue in China accounted for 11% of Japan's aggregate overseas income. More than 80% of Japanese enterprises are making a profit in China.

Bo Xilai stated that China's investment environment is improving. The quality of its labor force has been evidently elevated and the protection of intellectual property rights has been reinforced. These factors provide a better environment for Japan's small and medium-sized enterprises to seek cooperation in China. Bo promised that China will continue to facilitate Sino-Japan cooperation.


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