OSAKA -- Panasonic Holdings plans to invest more than 50 billion yen ($375 million) over three years to expand production in China, betting on the country's long-term potential in the face of coronavirus and other headwinds.
Electronics
Panasonic to invest over $375m in China with eye on post-COVID growth
Company plans first new Chinese appliance factory in 19 years to keep up with consumers
Panasonic is among the Japanese manufacturers bucking a trend of relying less on China. (Photo by Tomoki Mera)
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