Editor’s Picks 29 July 2016 at 0:33 GMT

India, ASEAN gain appeal as wary Japanese firms turn away from China

Nikkei Asian Review
Japanese companies no longer see China as a top destination for investment, and are turning to India and ASEAN for growth, according to a joint survey by Nikkei Inc and the 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. Since its accession to the WTO in 2001, China has been the top desitnation Japanese foreign direct investment in Asia, except for 2013, when Thailand briefly overtook it. However, when asked which emerging economy their company would invest in today, 50% said India and 38% said ASEAN, while only 4% of respondents named China.
Read full article at Nikkei Asian Review


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