The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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3bar

To: 3bar who wrote (5160)	4/10/2020 5:31:56 AM
From: elmatador	1 Recommendation of 13801

As part of coronavirus stimulus, Japan to pay firms to leave China and relocate production elsewhere More than US$2 billion of the country’s record economic stimulus package will be used to help companies move production away from China. The move coincides with what should have been a celebration of friendlier ties between the two countries, before the pandemic struck... “There will be something of a shift,” said Shinichi Seki, an economist at the Japan Research Institute, adding that some Japanese companies manufacturing goods in China for export were already considering moving out. “Having this in the budget will definitely provide an impetus.”... A February survey by Tokyo Shoko Research found 37 per cent of the more than 2,600 companies that responded were diversifying procurement to places other than China amid the coronavirus crisis scmp.com

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