Every Tuesday and Thursday, Inkstone Index features one important number about China to give you insight into the rising power.
$2.2 billion: how much the Japanese government is spending on incentives for companies to move production lines out of China.
The coronavirus pandemic has been a catalyst for Japan to become less reliant on producing in China. In April, the government set aside more than $2 billion from its $1.1 trillion economic relief package to attract companies back to Japan or to set up in countries outside China.
Japanese Prime Minister Shinzo Abe had said Japan needed to reform its supply chain to produce high-value products and essential goods at home, while diversifying it
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Aug 27, 2020