Regional News • Asia

Japan to pay $536 million to companies for moving production out of China

According to Bloomberg the Japanese government has announced that it'll pay 57 companies a total of $536 million in subsidies in order to move production from factories in China back to Japan or other countries.

This follows after the government has announced in April that it aims to reduce the dependency on Chinese supply chains. Another 30 companies will receive additional funds for an undisclosed amount.

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