SHANGHAI -- Of the Japanese companies operating in Shanghai, 14% plan to "reduce" or "postpone" future investments in China, according to a survey by the Shanghai Japanese Commerce and Industry Club.
Supply Chain
Poll finds 14% of Japan companies in Shanghai shifting investments
Harsh COVID lockdowns and rising labor costs mean businesses look beyond China
China's 'zero-corona policy' may have accelerated a strategy which began among Japanese manufacturers to set up production facilities outside China as a solution to rising labor costs in the nation.
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