Most Japanese companies expect a slowdown in China's economy to persist into 2025, with nearly two thirds of firms that operate there looking to shift some...
TOKYO - Most Japanese companies expect a slowdown in China's economy to persist into 2025, with nearly two thirds of firms that operate there looking to shift some production elsewhere in search of sales in other markets, according to a Reuters monthly poll.
More than two thirds of household wealth in China is tied up in the property market, and with youth unemployment rising, consumers and companies have been reluctant to spend. In Japan, 86% of the companies said they want Prime Minister Fumio Kishida to boost the economy with a stimulus package worth more than 10 trillion yen, with nearly a fifth calling for at least 30 trillion yen of spending, including on measures to tackle price rises and to help companies raise wages.
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