Japan setting up in China

Many small and medium-sized Japanese companies are setting up in China.
Success is not guaranteed.
Mitsuhiro Seki, at Hitotsubashi University said, ‘The popular view is that of the Japanese companies that move to China, one-third are successful, one-third have average results, and one-third fail.’
Yasumasa Shimizu, 49, started an air conditioner maintenance company in Japan. He visited China for the first time in 2005.
A Communist Party secretary asked Shimizu: ‘There is no maintenance sector to speak of in China. We want you to come, but will you teach us your know-how without hiding anything? Will it be all right if subordinates quit and strike out on their own?’
Shimizu replied, ‘Yes.’ The official stamped the seal of approval.
Asahi.com reports Shimizu said, ‘The opportunities for companies in the manufacturing sector to make the move have entered the final stage. Chinese companies are making rapid advances, and in five years there will be no room to enter the market.’