‘Made in China 2025’ More Business Than Threat for Japan
(Bloomberg) -- “Made in China 2025” is perceived in the U.S. to be a strategic threat to its economy, but for Japan, it’s a business opportunity, according to Bloomberg Economics. The industrial overhaul China envisions entails enormous investment in capital goods, such as factory automation and semiconductor-making equipment. These are areas where Japan excels -- and its exports of those products to China have been on a tear -- though there is also the risk that Japan Inc. is setting itself up for disaster in the longer term as a retooled China could be a fierce competitor.
©2018 Bloomberg L.P.