Source: Beijing
Morning Post, ChinaScope
Financial (Data)
+ Due to
escalating protests against Japan’s purchase of the disputed islands, Canon
announced yesterday that it will put three plants in China out of commission on
September 17 and 18 out of consideration for its staff safety. Another Japanese
consumer electronics company, Panasonic, has also decided to stop production
starting September 18. The company has not specified a date on which production
will be resumed.
+ In
addition, Faw-Toyota and Zhengzhou Nissan have also temporarily closed their plants
in China today.
+ Sales
of Japanese brand TVs decreased sharply as well. Since early-August, the sales
of TVs made by Sanyo, Toshiba, Panasonic, and Sharp declined by 44.32 percent,
40.31 percent, 23.41 percent, and 21.06 percent, respectively.
Japan’s investment in China has been increasing since 2009, this trend however might be threatened by the recent spat over the disputed islands.
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