Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "No More Japanese Businesses? Fortune 500 Exits China’s Largest Industrial Stronghold" video.

  1. 🏭 Daido Electric, a large Japanese company in Suzhou, announced its withdrawal from the region, raising concerns about the decrease in high-quality employers. 00:16 Daido Electric offers competitive salaries and benefits to its employees. All due compensations for Daido Electric employees have been fulfilled. Foreign companies in Suzhou have been relocating or shutting down in recent years. 📉 Suzhou's economy is declining, with a low GDP growth rate, significant declines in pillar industries, and a decrease in foreign trade. 03:37 Suzhou's GDP growth in the first quarter of 2023 was only 1.9%, ranking it second-to-last among China's top ten cities. All four of Suzhou's pillar industries saw significant declines in GDP, ranging from 6.2% to 17.4%. Suzhou's import and export values decreased by 15.4% in the first quarter of 2023, with exports falling by 10.7% and imports by 22.1%. 📉 Japanese companies are reducing their presence in China due to labor regulations and domestic policy opacity. 07:06 Honda and Mazda are considering moving their production capacity out of China. The number of Japanese enterprises operating in China dropped to a ten-year low of 12,700. 2,176 companies have left China or their whereabouts are unknown, with 116 firms declaring bankruptcy or closing down. 💥 China's ban on Japanese aquatic products strains China-Japan relations and leads to the exit of Japanese enterprises from China, while confidence of European and American businesses in China hits a low. 10:29 Chinese authorities imposed a comprehensive ban on the import of Japanese aquatic products due to nuclear wastewater treatment issues. American businesses' confidence in China continues to deteriorate, with 40% of American companies planning or already shifting their investments from China to other countries. European and American businesses' confidence in China hits its lowest level in years, with Southeast Asia being the preferred alternative destination for investments. 📉 Mainland China's isolationist policies and deteriorating business environment are causing increasing challenges for foreign and private Chinese enterprises. 13:58 International supply chains are rapidly moving out of China, leading to a deteriorating operating environment for businesses. Many businesses in China are facing bankruptcy or closure, resulting in a harsh economic environment. Property owners who bought commercial spaces in China are suffering huge losses due to high debt ratios. Let's Chat QnA! 🤿
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