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Japan is making sure that the bully will pay its due when time comes. The world is losing interest in China. The recent announcement of Microsoft to close its two factories and transfer to Vietnam could cost 9,000 Chinese jobs
The same thing can be devastating in the years to
come as Japan announces moving at least 200 factories from China to the
Philippines.
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Japan announced that it is seeking permission from the Philippine government to use the country’s military bases to support US military
pivot forces. The details are not yet clear but a possible agreement
between the concerned parties can be done sooner or later according to a
PH military spokesperson.
Japanese bicycle maker Shimano has just opened a P1.2B facility in Batangas, and dozens more factories are likely to follow according to the Japanese Embassy.
Mitsubishi Power Industries is another giant who is scheduled to move to Philippines according to latest news.
Japanese watchmaker Citizen also shut down its China factories and
the fate has yet to be decided whether it will move to the Philippines
or Vietnam.
Another 300 Chinese workers lost their job after electronic giant Panasonic closed one of its Chinese factories.
Both the Philippine business sector and the government is expecting a
stronger democratic and economic ties with Japan amid growing Spratly
tensions. Both countries, including Vietnam share the same views against
China’s illegal land-grabbing activities in South China Sea.
Source: ThePhilippinePride
