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China expects more Japanese investment in emerging sectors: MOC

Xinhua, November 17, 2015 Adjust font size:

China expects more Japanese investment in emerging sectors despite a slowdown, the Ministry of Commerce said on Tuesday.

The two countries can enhance cooperation in sectors such as green technology, energy conservancy, e-commerce and old-age care, according to MOC spokesperson Shen Danyang.

Japanese enterprises' investment in China slowed down in recent years, down 38.8 percent year on year in 2014 and 25.1 percent in the first ten months this year, Shen said.

Rising Chinese yuan, labor costs, Japanese enterprises' shifting business focus and increasing market competition have dampened their investment in China, Shen pointed out.

However, China still remains an attractive investment destination and offers abundant business opportunies with the country's ongoing industrial upgrading, Shen added. Endi