Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
Map of Japan
Japan, like other countries, has poured a lot of money into China.
Japan External Trade Organization (JETRO) and the Japan Bank for International Cooperation (JBIC) says that is changing.
Japan’s investment strategy is changing because
1. SARS – how it was handled…okay, that’s old news. But Japan has a long memory and is rethinking its strategy.
2. Electric shortages – China is building nuke plants and dams, but not fast enough for Japan.
3. Labor costs in China are going up
4. The RMB is appreciating.
5. Japan does not want its domestic industries to be too dependent on China – very very smart.
6. Japanese companies want to focus on high added value and research and development – another very smart move.
7. Investing in China +1 – Vietnam, Thailand, and/or India will reduce the risks of putting too much into China.
Too many countries are too dependent on China, I think.
Japan is wise to change its strategy for whatever reason.
What do you think?
