Japanese firms accelerating advance into China

CHINA

MMF Producers in China

Japan's textile industry has intensified its strategy to effectively and thoroughly utilize China, a huge textile-producing region. According to Japanese statistics, the value of textile trade with China in 2001 was US$19.7 billion. This figure is 3.6 times higher than 1991. Both trading firms and material producers have intensified their moves to reinforce their bases in China such as Shanghai.

China is in close proximity to Japan geographically and offers every convenience to Japan. Therefore, Japanese firms have been aggressively advancing into China for factory operations. China is the world largest textile-producing nation and its …