GZ: a top investment destination for Japanese-funded companies

The Tokyo Session of the 10th China Guangzhou International Investment Conference was held in conjunction at Tokyo and Guangzhou on March 22. Representatives from over 30 companies , including Panasonic, Itochu Corporation, Mitsubishi Corporation, Lawson, Daikin and Geotech, attended the event.According to Hong Qian,  the secretary general of Guangzhou Municipal Pelple’s Government and the director general of Guangzhou Bureau of Commerce, Guangzhou has more than 50,000 foreign-funded enterprises and 345 Fortune Global 500 companies in total. In 2023, the number of newly added foreign-funded enterprises exceeded 6,600,  with a year-on-year increase of 90%, hitting a record high. Among them, there were 26 new investment enterprises from Japan in Guangzhou, increasing 44.4% on a year-on-year basis. Hong invited more Japanese companies to invest in Guangzhou.Panasonic Group has been increasing its investments in Guangzhou since 1992. As one of the key regions for Panasonic Group's bu ………………………………