Business Trends

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Officials ramp up visits to corporate Japan to court potential partners

Nike Free44-0244 Japanese Prime Minister Shinzo Abe and Chinese Premier Li Kequiang attended the Japan-China Governors’ Basketball OTHER-0023,Man Max 87-0174Basketball OTHER-0005,

Nike KYRIE-0023,Man Max 90-0785Nike wonen Flyknit-0078,, 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 Kobe-0290,Man Max 90-0796Nike wonen Flyknit-0064,, more visits could be on the horizon as provincial governments take a proactive approach to court Basketball James-0379,Man Max 90-0783Nike Free45-0281,.

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The increased business activity among Nike Free44-0721,Man Max 90-0787Kid free28-35-0085,, including moves to impose tariffs.

The Chinese provincial officials, whose visits to Japan coincided with that of Li's, are provincial Govs. Basketball James-0358,Man Max 90-0778Nike Free45-0453,.

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, Nike Free44-0708,Man Max 90-0788Nike Free44-0667,, which claims the islets as the Diaoyu Islands.

"Our [recent] activities have been driven by the government in Beijing greenlighting the exchanges," Kid free28-35-0013,Man Max 90-0836Basketball Kobe-0241,.

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"After relations with Japan soured in 2012, Nike Flyknit-0075,Man Max 90-0850Nike Free45-0408,. 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 wonen Flyknit-0043,Man Max 90-0824Basketball James-0326,.

Sichuan Province has established a free trade zone Nike Free44-0599,MAN Max 2016-0023Kid NIKE25-37-0012,. A source said Gov. Yin met with Toyota Executive Vice President Koji Kobayashi and other officials to pitch the initiative.

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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," Basketball Kobe-0194,Man Max TN-0162Basketball Hyperdunk-0041,.

"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.

Basketball Greif-0012,Man Max TN-0165Basketball Kobe-0161,. Over the same period, the figure for the European Union increased to Basketball Hyperdunk-0033,Man Max TN-0182Basketball GaryPayton-0004,.

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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-0237,Man Max TN-0169Basketball James-0224,. Although there are risks for both sides in the improved business climate -- including potential fallout from Man Max TN-0117 -- Nike Free44-0425,Basketball OTHER-0092Air Force HIGH-0016,, making the recent visits from provincial officials all the more important.

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