surveys show: Japanese products and services in such areas are already highly regarded in China, according to The Japan Times. Since late last year, the world's second-biggest economy has been clearly weakening against a backdrop of sluggish exports as well as lackluster investment and consumer spending, prodding the Chinese government to implement large-scale stimulus measures. As relations between the two Asian nations have improved and Washington has repeatedly voiced wariness about Beijing's geopolitical rise, Chinese people have started to have a favorable image of Japan, several surveys show. ; Japanese companies and organizations are expected to seize chances to bolster their businesses especially in the fields of food, clothing, nursing care and the environment, some analysts say. During the April-June quarter, China's economy grew at its slowest pace in nearly 30 years, expanding 6.2 percent from a year earlier, according to the country's latest gross domestic product data released Monday. Amid expectations that a tit-for-tat tariff escalation with the U.S. would dampen consumer and business sentiment further, Japan's exports to China have also declined, said Yusuke Miura, chief researcher at the Mizuho Research Institute. In particular, China's exports to the U.S., one of the engines of economic growth, fell more than 8 percent from the previous year for the six months from January, darkening the outlook for the nation's economy.
(news.financializer.com). As
reported in the news.
Tagged under surveys show, stimulus measures topics.