Hong Kong has endured almost daily thunderstorm warnings in recent weeks. On Friday, as markets reopened after a one day holiday, the gloom was clear to see in the equity market. The Hang Seng dropped 2.9 per cent.
On Friday the pair announced that Beijing’s Ministry of Commerce (Mofcom) would not after all clear the Y759bn ($8.2bn) deal by early February, as they had earlier indicated it would. Continue reading »
In recent years, commentators have cited the strong yen and anaemic domestic growth as key drivers of surging investment by Japanese companies in southeast Asia.
With the yen having weakened by over 10 per cent against the dollar since prime minister Shinzo Abe was elected in December with a mandate to re-inflate the moribund Japanese economy, will the tide of Japanese investment into Indonesia, Myanmar, Thailand and Vietnam recede? Continue reading »
The escalating row over some uninhabited islands in the East China Sea has already deeply hurt economic ties between Japan and China. As military and political tensions have risen, Japanese automakers have seen China sales plummet, business at Japanese restaurants and Japanese-owned department stores in China has suffered and travel in both directions is down.
But at least one group is trying to benefit from the dispute: Chinese fireworks makers, who are peddling colourful explosives on an anti-Japanese theme. Continue reading »
The Beijing-Tokyo spat compounded difficulties caused by weak economic growth in Europe, consumers switching from cameras to smartphones, and the strength of the yen. The group’s results – and its 2013 forecast – fell well short of analysts’ forecasts. Continue reading »
They don’t call them the “Fishing” islands for nothing, it seems. The territory at the centre of the protracted Sino-Japanese-Taiwanese islands dispute is known as Diaoyu in Chinese, which means fishing, and now Beijing is making sure that Chinese citizens get a taste of the islands – just in time for Chinese New Year when fish is usually high on the menu. Continue reading »
Much has been made this week of Xi Jinping’s “southern tour”. In retracing the footsteps of Deng Xiaoping, the leader who turned China to markets after Maoism, Xi’s trip to the southern province of Guangdong has been interpreted as the possible beginning of a new push for economic reform.
But Xi’s tour was about more than just the economy. He also spent three days inspecting a military base in Guangzhou, the provincial capital, and made a series of speeches calling for stronger, combat-ready fighting forces. Continue reading »
Violent protests over the ownership of some uninhabited islands have brought the fractious relationship between Japan and China into the spotlight. From both sides of the East China Sea, the FT’s Mure Dickie examines the issue of rising nationalism.
Japanese carmakers have had a rough time of it in China for the past two months, hit by plummeting sales due to the Sino-Japanese islands dispute.
But they have not shied away from the Chinese auto industry’s biggest event of the autumn, the 10th China International (Guangzhou) Automobile Exhibition, held in the stronghold of Japanese cars on the mainland, southern China. Continue reading »
Shares in leading Japanese car makers slipped on Friday as evidence mounted of the scale of the customers’ revolt in China prompted by the territorial row between the two countries.
Whether the clients are genuinely angry about the disputed islands, or simply worried about what the neighbours might think, matters less for the hard-pressed sales executives than the hard numbers. Reuters reported on Friday that Chinese sales at Toyota Motor, the top Japanese carmaker, plunged 40 per cent last month. Continue reading »
It has not taken long for the China-Japan dispute over a few uninhabited islands in the East China Sea to affect business.
Following a wave of anti-Japan protests in China, including attacks on Japanese property, some Japanese companies with operations in the country have temporarily closed their plants and offices. And with China on Tuesday marking the anniversary of the 1931 Japanese occupation, there are fears that the public anger provoked by the territorial row could fuel more outbreaks of violence. Continue reading »