India Overtakes China as Investment Preference of Japanese Companies

In the past four decades, Japanese companies have invested massively in the Chinese market. However, due to the Chinese regime’s unpredictability and economic downturn, India has emerged as the most popular country for Japanese companies. The Japan Bank for International Cooperation (JBIC) released its 2023 Annual Survey Report on Dec. 14 on Japanese companies with manufacturing and production plants in China. The survey is about the countries and regions in which Japanese companies hope to invest and expand their business in the next three years. A total of 534 Japanese companies responded to the survey. According to the survey results, India topped the list of countries in which Japanese companies would like to invest for the second consecutive year; Vietnam jumped to second place from fourth place last year; and China dropped to third place from second place last year, with the lowest percentage of votes since the survey began in 1992....