Half of companies see China economy worsening this year: Japan chamber

While overall sentiment is down, a few companies plan to boost investments

Factory workers in China. Business confidence is down among a broad range of Japanese companies in the country. (cnsphoto via Reuters)

SHUNSUKE TABETA, Nikkei staff writer

May 15, 2024 02:22 JST

BEIJING -- More Japanese companies operating in China now predict the Chinese economy will worsen this year than did five months ago, the Japanese Chamber of Commerce and Industry reported Tuesday.

Half of member companies responding to the chamber's survey said they expect economic conditions to be worse or somewhat worse in 2024 compared with last year, up from 39% in January.