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Monday, May 14, 2012

''China Eyes Japan as the Land of Opportunity''

From Bloomberg

''Some Chinese companies are pushing harder to convince Japanese consumers to put aside their doubts and give Chinese products a try. In April, white-goods maker Haier opened a research and development center in Kyoto, its second lab in the country, and in February announced it would put its Asian headquarters in Osaka. The moves are part of a big Japanese push by Haier, which last year agreed to buy Sanyo Electric’s consumer appliance businesses in Japan and Southeast Asia from Panasonic (PC). Chinese PC vendor Lenovo last year invested $175 million in a new joint venture with NEC to sell computers in Japan.''

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