“Mitsubishi is very optimistic about the Hainan market, and its affiliated Lawson convenience chain stores have already expanded to over 100 in Hainan province,” said senior vice-president Tetsuya Shinohara. — Reuters
HONG KONG: At a crowded event, the Japan Association for the Promotion of International Trade, Mitsubishi Corp, Itochu Corp and Rakuten Group Inc, among over 50 Japanese enterprises and institutions, flocked to a “Hainan Free Trade Port Policy and Investment Opportunity Briefing” in Tokyo, Japan, on Dec 6.
“The Hainan merchants group is the first Chinese merchants group to visit the Mitsubishi headquarters in the past three years,” said Tetsuya Shinohara, a senior vice-president of Mitsubishi Corp. “After hearing the introduction of the construction of Hainan Free Trade Port, we are thrilled.
“Mitsubishi is very optimistic about the Hainan market, and its affiliated Lawson convenience chain stores have already expanded to over 100 in Hainan province,” he said.
Besides Tokyo, the Hainan merchants group to Japan also held business and investment promotion briefings in Osaka and Fukuoka, attracting many Japanese enterprises and institutions, some even from far away, to come and attend the sessions.
China’s policies and measures of advancing a high-level opening-up and providing a more market-oriented, law-based, internationalised business environment have made the country a magnet for Japanese enterprises seeking more business opportunities and profits.
“The Regional Comprehensive Economic Partnership taking effect this January has provided opportunities for Japanese companies to expand trade with China,” said Kenji Imamura, director of Kansai Head Office of the Japan-China Economic Association.
He added that China’s geographical advantages and favourable policies serve as a bonus for Japanese enterprises investing and doing business in China.
In recent months, governments and enterprises from China’s Hainan, Jiangsu, Zhejiang, Guangdong and Shandong provinces, among others, have been racing to expand markets and trade overseas, especially in the Asia-Pacific.
At the Cosmoprof Asia 2022 Singapore Special Edition, more than 200 Chinese companies joined the exhibition, showcasing a wide range of products and services, including beauty salons, personal care, sub-contract production, and packaging.
Wu Jiang, chairman of Beauty Yaurient Cosmetics Accessories (Shenzhen) Co, Ltd, told Xinhua that he had just finished negotiating with an Indonesian client.
Centering around a green and eco-friendly concept, his company mostly uses degradable materials and environmentally-friendly techniques to produce cosmetic brushes.
“We have contacted clients from Japan, the United States, Thailand and other countries during the exhibition period,” Wu said.
“We hope to find more business opportunities through this event and expand to markets in South-East Asia, the Middle East and Oceania.” — Xinhua
