Cash-rich Chinese firms urged to take acquisition trail to Japan

Not easy

According to Wei Jiafu, many Chinese companies complained the Japanese government is still too cautious about allowing foreign investors to enter the market.

"There are many restrictions. I would appeal on behalf of many other Chinese companies, that the Japanese government should open the market wider to us," he said.

Du Jingguo from Haier said that acquisitions can often simply be just the start.

In Japan, Haier employs more than 800 staff, the majority of which are local people, and during the past five years, he and his managers have worked hard at building relationships with local workforce.

He said he has ambitious plans for the company over the next five years, which he hopes can create even greater opportunities.

dingqingfen@chinadaily.com.cn