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The Shanghai skyline seen across the Huangpu River from the Bund, with the Oriental Pearl Tower on the left and the skyscrapers of Lujiazui to its right.
World

There Are 30% Fewer Japanese Companies in China Than in 2012. Those That Stay Still Make Things There, but Fewer Count on Selling There.

Teikoku Databank counted 10,118 Japanese companies with a presence in mainland China in June, down 22 per cent in two years and 30 per cent from the 2012 peak. A record 4,137 left or could no longer be traced. Among those that remain, China's standing as a production base has slipped only a little since 2019. Its standing as a market has collapsed.