|
Tuesday, January 03, 2006
Japanese firms unhappy in China, survey discloses
Business sentiments among Japanese companies operating in China declined last month due to competition and oversupply in the domestic market, a survey said.
“Japanese companies in China find that their competition with local enterprises and with European and American enterprises is continuing to intensify and business sentiment has been trending downward,” a Japan External Trade Organization (Jetro) survey last month revealed.
Downward
In a report on industry categories, oil, chemicals, steel, metals, electric and electronic machinery were said to be experiencing growing downward pressure on prices, it added.
The growth of Japanese companies operating in Thailand, Singapore, Malaysia, Indonesia and Philippines also declined.
On the other hand, Korea remains favorable for Japanese companies.
“Supported by favorable exports, the economy in the Republic of Korea is seeing an upturn in private consumption as well as an expanding trend in capital investment,” the survey said.
Prophecy
In an economic briefing last month in Cebu, University of Asia and the Pacific School of Economics dean Bernardo Villegas told Cebu businessmen of a prophecy that China will have a hard landing in the next two years.
Villegas referred to the prophecy of Hong Kong-based chief economist Jim Walker, who said China may experience a hard landing in the next two years due to its companies’ difficulty to make money in core businesses due to the oversupply of products.
China is considered one of the fastest-growing economies in Asia. (ALC)
For Bisaya stories from Cebu. Click here. (January 3, 2006 issue)
Write letter to the editor.Click here.
Join the Sun.Star message board.Click here. |
|
[return to top]
[home]
[network page]
|
LOCAL NEWS
BUSINESS
OPINION
SPORTS
LIFESTYLE
FEATURE
SUPERBALITA
WEEKEND
|
