Companies: China and Japanese

companies: The trade war between China and US has so far not had a big impact on Japanese companies' direct business in China, Motoo Ono, the president of the Japanese Chamber of Commerce and Industry in China JCCIC said at a press briefing in Beijing to release the 2019 white paper on the Chinese economy and Japanese companies, according to Global Times China. This is the 10th year the business group published the white paper, which this year is based on responses from 8,756 JCCIC member companies. Photo Li Xuanmin/GT Japanese companies firmly believe that China remains one of the top global markets despite the ongoing US-China trade war and other rising risks, and China's further opening-up and efforts to strengthen intellectual property rights IPR protection also make the country more attractive to foreign investors, a Japanese annual business report showed on Wednesday. More than 60 percent of Japanese companies source from China, while only 5.9 percent of Japanese companies in China have business involved in exports to the US, so the impact is limited, Ono explained. We do hope that China and the US could reach a trade deal in the near future to settle trade disputes. But he also noted that some Japanese firms that specialize in US exports or Japanese suppliers of Chinese trading companies may be hurt by the tariff war. (news.financializer.com). As reported in the news.