TOKYO -- Japanese companies no longer see China as a top destination for investment, and are overwhelmingly turning to India and ASEAN for growth, according to a joint survey by Nikkei Inc. and the U.S. think tank Center for Strategic and International Studies.
A combination of China's slower growth and aggressive national security policies has dented the Japanese appetite to invest in the world's most populous nation. Some 80% of respondents believe that China's growth rate will be lower than 3% in 10 years' time, including 34% who said that growth could be in negative territory.
