Japanese investment hits US$6.53b
(Shenzhen Daily)
Updated: 2006-04-06 14:43
Japan's direct investment in China rose 19.8 percent to a record US$6.53
billion last year, a Japanese trade group said Monday.
Direct investment from Japan in 2005 — excluding banking, securities and
insurance sectors — surpassed the previous record of US$5.45 billion registered
in 2004, the Japan External Trade Organization (Jetro) said.
Japanese investment accelerated in the latter half of last year as companies
that had remained cautious earlier in the year because of anti-Japan
demonstrations regained confidence in China’s market, the report said. Another
major factor pushing up Japan’s direct investment was a series of large-scale
investments by Japanese automakers, along with Japanese auto parts makers that
have moved to set up manufacturing bases in China, the report
said.
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