Japanese Appliances Crash in the Philippines, and the Philippines took the opportunity to transfer investment from Japanese companies in China

The sales of Japanese household appliances in China fell drastically, causing the Japanese economy to be a mess. The Diaoyu Islands are China's inherent territories, and Japan's desire to ditch the island is undoubtedly an idiot's dream. At the same time, the Philippines also wants to take advantage of the Diaoyu Islands incident to make a fortune, to save the Japanese economy, the Philippines may completely infuriate the country's people, the final result may be lost his wife and soldiers.

Once upon a time, Japanese household appliances were the leaders in the industry. Today, with the continuous escalation of the Diaoyu Islands incident, Japanese brand sales have fallen sharply since August. According to the first-hand internal data obtained by China News Network IT channel, the recent internal data of a large-scale chain of household electrical appliance companies showed that in August, the sales volume of Japanese TV sets in the North, Shanghai, and Guangzhou three TV sets compared with that of the previous month, they all showed a sharp increase. Falling, among them, Toshiba decreased by 40.31%; Sanyo decreased by 44.32%; Panasonic decreased by 23.41%; Sharp decreased by 21.06%.

The Diaoyu Island incident has become the fuse of the economies of China and Japan. As a result, the Chinese people have unitedly resisted Japanese goods, and Japanese false bills have collapsed. In the past, Japanese household appliances will surely be devastated.

In this regard, home appliance industry research expert Lu Jiebo said that the Diaoyu Island incident hurt the feelings of consumers and had a negative impact on the sales of Japanese household electrical appliances. At the same time, it cannot be overlooked that Japanese brands lack innovation and marketing methods are conservative. “Three years ago, Japanese household appliances were on the decline, and the Diaoyu Island incident was more like a catalyst, accelerating the decline of Japanese household electrical appliance companies.”

On the 26th, the Deputy Minister of Industry and Trade of the Philippines, Panririo, said that the Philippines is liaising with 15 Japanese companies and invited them to relocate the factory from China to the Philippines on the most favorable terms. He said that this move was not a "foothold."

Provide tax incentives to "help Japanese people"

In recent years, the Philippines has always had economic competition with China in the manufacturing industry. The Philippine government will attract 15 Japanese companies with the most investment potential. Panririo said: "We are not taking human dangers. We are trying to help the Japanese from reality... We have already begun to contact some Japanese companies in China." But he refused to disclose the names of these Japanese companies. He said that even if there is no dispute between China and Japan, Rising labor costs in China have made the Philippines more competitive.

In order to attract Japanese capital, Panririo said that the Philippine government will provide Japanese companies with preferential tax policies, higher education personnel, and a stable economic development environment. The Philippine President Aquino vowed to fight corruption to create a good investment environment.