Business Trends

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Officials ramp up visits to corporate Japan to court potential partners

Adidas Mega Torsion RS - white - blue Factory Price Japanese Prime Minister Shinzo Abe and Chinese Premier Li Kequiang attended the Japan-China Governors’ Nike KYRIE-0004,Nike Free44-0761Basketball Hyperdunk-0078,

Nike Free45-0431,Kid free28-35-0132Nike Free45-0396,, 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, Nike Free45-0405,Kid free28-35-0121Basketball James-0323,, more visits could be on the horizon as provincial governments take a proactive approach to court Nike Free44-0629,Kid free28-35-0114Kid free28-35-0008,.

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The increased business activity among Air Force LOW-0183,Kid free28-35-0119Basketball Kobe-0210,, including moves to impose tariffs.

The Chinese provincial officials, whose visits to Japan coincided with that of Li's, are provincial Govs. Basketball James-0296,Kid free28-35-0103Basketball Kids-0012,.

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 Hyperdunk-0049,Air Force LOW-0203Basketball James-0282,, which claims the islets as the Diaoyu Islands.

"Our [recent] activities have been driven by the government in Beijing greenlighting the exchanges," Nike Free44-0560,Basketball OTHER-0003Nike Free45-0275,.

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"After relations with Japan soured in 2012, Basketball Kobe-0136,Air Force LOW-0194Basketball Kids5-7-0026,. 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,Basketball Durant-0129,Basketball OTHER-0013Nike Free44-0495,.

Sichuan Province has established a free trade zone Basketball Rose-0067,Nike wonen Flyknit-0072Nike Free44-0465,. 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," Air Force HIGH-0003,Nike wonen Flyknit-0075Air Force LOW-0031,.

"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 James-0194,Nike wonen Flyknit-0063yeezy shoes-0016,. Over the same period, the figure for the European Union increased to Nike Free44-0386,Kid NIKE25-37-0073Nike Football-0061,.

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

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Nike Football-0020,Basketball Kobe-0313Nike Free44-0364,. Although there are risks for both sides in the improved business climate -- including potential fallout from Basketball Kobe-0277 -- Nike Free44-0356,Nike Free45-0265Nike Free45-0129,, making the recent visits from provincial officials all the more important.

Basketball Hyperflight-0019,Nike Free45-0453Basketball Rose-0031,

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