110 Ja­panese Cos Went Bank­rupt in China in 2016

The Economic Times - - Around The World -

Beijing: 110 Ja­panese firms went bank­rupt in China last year amid mount­ing labour and pro­duc­tion costs be­sides height­ened Sino-Ja­panese po­lit­i­cal ten­sions, a re­search re­port said, high­light­ing chal­lenges in do­ing busi­ness in the sec­ond-largest econ­omy. A new re­port by Tokyo Shoko Re­search showed that 110 Ja­panese com­pa­nies went bank­rupt last year cit­ing the chal­lenges of do­ing busi­ness in China, or ‘China risk’, the Hong Kong-based South China Morn­ing Post re­ported. A com­bi­na­tion of in­creas­ing pro­duc­tion costs and height­ened po­lit­i­cal ten­sions, were cited as some of the rea­sons. It was an in­crease from 101 firms the pre­vi­ous year and the high­est num­ber since Tokyo Shoko Re­search be­gan the annual sur­vey in 2014, the re­port said. PTI

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