Posted on 05/11/2005 9:52:24 PM PDT by TigerLikesRooster
48 minutes ago
TOKYO (AFP) - The recent violent anti-Japanese protests in China have made more than one-third of Japanese companies scrap or put off their plans to set up business in the country, a according to a survey.
The survey by Teikoku Databank, a private sector think tank, found that of 848 companies that had plans to begin operations in China, 275 or 34.6 percent of them had put their projects on hold and another seven firms dropped plans altogether.
Fifty-four companies said they did not know what to do or withheld answers, it said.
"The country risks of China have been pointed out repeatedly but those risks becoming real has had a larger than expected impact," the think tank said in a report released late Wednesday.
China saw successive weekends of protests last month, accusing Japan of failing to atone for its wartime aggression and to denounce its bid for a permanent UN Security Council seat.
The demonstrations came despite China last year becoming the biggest trading partner of Japan, whose export-driven companies are drawn to China's vast labor pool and growing middle class market.
The think tank report quoted an apparel manufacturer as saying: "Unlike big companies which have pioneered (operations in China), smaller companies will likely take a wait-and-see stance for some time."
A wholesaler of industrial-use electrical machinery told Teikoku: "Given the (Chinese) government's response, we will consider a shift to Vietnam where infrastructure is being built up."
China has refused Japanese demands to apologize for the protests although Japan said Wednesday that Beijing had agreed to compensate for damage caused.
The demonstrations came after Japan approved a history textbook written by avowed nationalists who believe Tokyo is too apologetic for its past.
The survey was undertaken from April 20-30, just days after the rallies, and surveyed 10,535 companies in all, of which 848 had plans to enter China.
Ping!
Leaves more for the French. Chirac must be very relieved.
TigerLikesRooster wrote:
China is feeling pain. U.S. should do the same, that is, cutting down its investment to China, and relocate their operations to other countrie
--> I agree, other countries, like the USA! We have poor people here that need jobs, even if it is assembly. The only problem is pursuading these "welfare gods" to come work for a change.
It might be a good idea to relocate operations back in the USA. Our only worry then would be errant Cessnas.
"I agree, other countries, like the USA! We have poor people here that need jobs, even if it is assembly. The only problem is pursuading these "welfare gods" to come work for a change."
Oh you mean those 10's of thousands of welfare gods who were laid off from their manufacturing jobs over the last few years that are now poor and need a job?
Well, the one's that were laid off could use the jobs, what i meant by "welfare gods" are the ones that sponge on it with no intention of ever getting a job.
Bring more jobs back to the US, and more people could afford to learn to fly Cessnas. Keep sending jobs overseas, and eventually we'll only have two classes - the super rich, and the barely affording Wal Mart class.
I doubt that there are many in here that understand the statements "too broke to go to work", or "too broke to move where there's a job". I know for a fact that I'd go live in a tent or a hooch in the forests long before I'd go on welfare, or before I became a street dweller. The problem most face when they become unemployed is that they've fallen so far behind on all of their bills that it does appear futile to take a near minimum wage job - and in many industries the prevailing wages have fallen dramatically thanks to the influx of illegals. Plain and simple.
Ping!
Japan * ping * (kono risuto ni hairitai ka detai wo shirasete kudasai : let me know if you want on or off this list)
I hope that trend continues. Less things made in China.
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