Japanese firms eye more investment in China
(Xinhua)
Updated: 2005-06-27 11:01

Most major Japanese companies planed to enlarge or maintain their investment in China despite the uneasy current bilateral relations, a Yomiuri daily survey showed Monday.

Among 100 major companies surveyed, 36 firms said they would maintain their investment at the current level, and 21 said they would invest more. None of the 100 companies said they would reduce their investment.

The result indicated that big firms remained positive about investing in the rapidly growing Chinese economy, the paper said.

When asked about their view on Japan's economy, 47 firms said it was gradually moving toward a full recovery, a 1.6 fold increase from 29 firms in the April poll.

The survey revealed that the number of firms that took a cautious view of the recovery, saying the economy was recovering but not gaining momentum, fell from 48 in the previous survey to 29.

In addition to rising oil prices, concerns over a slowdown in the Chinese and US economies have dampened corporate confidence for a full recovery.