The Survey Shows That 70% Of Japanese Businesses Agree With The Increasing Charm Of China's Market

Sep 10, 2020

Leave a message

According to foreign media, a survey conducted by the Japan Economic Research Center and the Japan economic news agency showed that nearly 70% of the respondents expressed their expectation for the strong consumption demand of the Chinese people.

According to Singapore's Lianhe Zaobao website on September 7, 3000 business people working in Japanese listed companies were selected as the objects. The two organizations conducted a questionnaire survey on how to see China and the United States through the Internet in mid July. About 1100 of them have worked in China.

According to the report, in the supplementary budget of 2020, the Japanese government has set aside some budgets as operating expenses for restructuring the supply network for important products that depend on specific countries. The novel coronavirus epidemic has been taken as a result of the expansion of the world's production and logistics. In particular, some products such as masks and protective clothing, which have caused tension in the supply and demand relationship in Japan due to the high proportion of overseas production.

The report also said that in response to Japan's trend, Chinese officials said that smart foreign businessmen would not give up China's huge market.

The report noted that in this survey, when asked how to look at China as a production base, 35.2% of the respondents said "it will still be as important as before" and 14.9% said "it will increase in importance".

The report pointed out that China has the largest population in the world. With the increase of income level and the thickness of the middle class, China has become more and more attractive as a consumer market. With regard to the importance of China outside production, "as important as before" (42.4%) and "more and more important in the future" (26.5%), nearly 70% of them think it is very important.

The report also pointed out that before the outbreak of the new epidemic, the number of Chinese tourists to Japan increased year by year. In 2019, the number of Chinese visiting Japan reached a record high, accounting for 30% of the total number of visitors to Japan. One of the major characteristics is the "explosive buying" as the representative, and the per capita consumption amount is high. In addition, many Japanese tourists still use cross-border e-commerce and other channels to buy Japanese cosmetics and food after returning home, which has contributed to the performance of relevant enterprises.

According to the report, Japan has been facing the problem of aging with fewer children for a long time, and is obviously lagging behind other countries in high-tech related fields. It is very difficult to achieve economic growth on our own. Through the investigation, we can see the reality that Japanese enterprises want to gain benefits in view of China.