‘Unwelcome and unsafe’: Why Japanese companies are retreating from China at a historic rate

Japanese companies are leaving China in record numbers, as a slowing Chinese economy and a diplomatic freeze force businesses to reassess their presence in the world’s second-largest economy. Automakers, parts suppliers and export-oriented manufacturers are the most likely to scale back in China, said Kei Koga, a professor at NTU in Singapore. Companies that have localised and can compete with Chinese rivals, particularly medical and precision equipment makers, are more likely to stay, he added.

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