Business Trends

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Officials ramp up visits to corporate Japan to court potential partners

Air Force LOW-0099 Japanese Prime Minister Shinzo Abe and Chinese Premier Li Kequiang attended the Japan-China Governors’ Air Force LOW-0305,Nike Free44-0957,Nike Free44-0827,

Nike Free44-0845,Jordans 14-0027,Nike Free45-0509,, including Panasonic and Toyota Motor, to deepen business ties.

So far this year, five Chinese provincial officials have met with top executives in Japan.

Thanks to Premier Li Keqiang's formal visit to Japan on May 8, Basketball Kids5-7-0059,Kid bootball(33-38)-0015,Jordans 13-0170,, more visits could be on the horizon as provincial governments take a proactive approach to court Jordans CP3-0040,Basketball OTHER-0178,Man Max 87-0187,.

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The increased business activity among Man Max 90-0787,Man Max 90-0865,Man Max 90-0822,, including moves to impose tariffs.

The Chinese provincial officials, whose visits to Japan coincided with that of Li's, are provincial Govs. MAN Max 2016-0025,Man Max 90-0896,Man Max TN-0106,.

The five also held an investment seminar and participated in the Japan-China Governors' Forum on May 11 in Sapporo on the northern Japanese island of Hokkaido. It was the second time since April 2012 that the forum took place in Japan.

This year's meeting attracted more Chinese than last year, Basketball OTHER-0079,Man Max 90-0941,Basketball Durant-0214,, which claims the islets as the Diaoyu Islands.

"Our [recent] activities have been driven by the government in Beijing greenlighting the exchanges," Basketball James-0395,Man Max 90-0921,Basketball James-0398,.

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"After relations with Japan soured in 2012, Nike Flyknit-0128,Man Max 90-0917,Nike Free45-0349,. But resumption of high-level economic dialogue and Li's visit have finally set the stage for our efforts," the official added.

A senior Liaoning official visited Panasonic and Canon, both of which years ago feted China's late supreme leader Deng Xiaoping, father of the country's "reform and opening policy." Panasonic has an automotive battery plant in Liaoning,Nike Free45-0329,Man Max 95-0049,Kid free28-35-0142,.

Sichuan Province has established a free trade zone Air Force LOW-0194,Man Air Max 2010-0064,Kid NIKE25-37-0074,. A source said Gov. Yin met with Toyota Executive Vice President Koji Kobayashi and other officials to pitch the initiative.

Basketball James-0373,Man Air Max 2015-0122,Basketball James-0370,.

Meanwhile, Gov. Wang visited a large trading company and other locations.

"Efforts by China's regional governments to lure companies now include more projects that focus on strategic sectors, such as robots, the environment and nursing care, and have a clear goal in mind as regards to cooperation," Nike Free44-0751,MAN Max 2016-0054,Basketball Kobe-0256,.

"Now, there are more two-way investments. Parts procurement as well as research and development are handled in Japan while manufacturing is done in China," Shimizu said.

Nike Free45-0460,MAN Max 2016-0067,Nike Free44-0688,. Over the same period, the figure for the European Union increased to Kid free28-35-0021,Kid free28-35-0194,Basketball Hyperdunk-0082,.

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Warming Sino-Japanese ties led to increased direct Japanese investment in 2017 to $3.2 billion.

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Basketball James-0338,Nike Free44-0921,Basketball James-0320,. Although there are risks for both sides in the improved business climate -- including potential fallout from Nike Free45-0602, -- Nike Free44-0625,Nike Free45-0635,Kid NIKE25-37-0036,, making the recent visits from provincial officials all the more important.

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