Japanese enterprises resume operation

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(CCTV)

Some Japanese enterprises resumed operation at their Chinese facilities on Wednesday after temporary suspension.

Japan’s “purchase” of China’s Diaoyu Islands has aroused anger and protests among Chinese people across the country. Some Japanese enterprises in China temporarily suspended the operations of their plants in China on Monday and Tuesday. These enterprises included Canon, Panasonic, Aeon and Uniqlo. Sony’s two closed plants returned to operation Wednesday after one-day suspension. Workers in Canon’s factories in the Chinese cities of Zhuhai, Zhongshan and Suzhou all went back to work on the same day after a two-day leave with pay.

To cope with possible demonstrations and protests against the Japanese government and companies, a Panasonic plant in Suzhou parked its employee shuttle buses in the inconspicuous north area, instead of the front area where they used to park.

Panasonic told the media Tuesday that its factory in Qingdao did not resume production but its plants in other places were not affected and were all operating normally. Aeon confirmed that only two of its 36 shops were in normal operation by Tuesday and it was not clear when the other plants would reopen.

Sales in China respectively accounted for 13 percent and 9 percent of the sales revenue of Panasonic and Sony in the 2012 fiscal year, according to the rating agency Fitch. The rating agency held that the sales and reputation of Japanese companies in China would be affected by the Japanese government’s “purchase” of China’s territory.

There is concern that the move by the Japanese government will affect trade between these two largest economies in Asia. Their bilateral trade exceeded 340 billion US dollars in 2011.
(Copyright 2012 CCTV. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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