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Asahi Kasei emphasized the company has no plans to shift production away from China.
Asahi Kasei emphasized the company has no plans to shift production away from China.

The China-US trade relationship is posing bigger challenges for enterprises in the industrial and manufacturing sectors. Nevertheless, Japanese leading chemical company Asahi Kasei emphasizes the company’s confidence in the Chinese market.

Asahi Kasei released an announcement in Chinese, addressing media reports on the company’s plan to shift its production away from China due to potential additional tariffs imposed to China imported goods by the US. Some of the media quoted Nikkei’s report as the source.

In the announcement, Asahi Kasei stated that the company has no plans to relocate production plants away from China.

The company has been focusing on the development opportunities in the Chinese market, and the company will continue to develop its business in China, Asahi Kasei pinpointed in the announcement.

US President Donald Trump announced on Monday (17 Sept) that the US will impose a 10% tariff later this month on US$200 billion worth of Chinese imported goods, increasing to 25% at the end of the year.

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