Japan is paying firms to make things at home. But China’s pull is still strong - News Summed Up

Japan is paying firms to make things at home. But China’s pull is still strong


A plant that produces face masks, established with the help of government subsidies to the Iris Ohyama company, in Miyagi, Japan, Sept 18, 2020. Those countries have expressed security fears over issues like TikTok and Chinese companies’ role in building out 5G networks. With Washington and Beijing locked in a great-powers struggle, China may need Japan as much as Japan needs it. “Japan cannot be that friendly to China, the Chinese know that, but they don’t want to jeopardize their relationship with Japan,” he added. “We’re expanding in China,” Ohyama said.


Source: bd News24 September 26, 2020 12:11 UTC



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