China's slowdown hurts Japanese companies
Chinas's economic slowdown is of serious concern to corporate Japan. A Nikkei survey revealed that 64.1% of managers at major Japanese companies said the Chinese economic slowdown would have a negative impact on their companies. When asked how they would deal with the slowdown, 17.9% answered that they would consider reducing Chinese production. Kobe Steel and Hitachi Construction Machinery have already reduced production at their Chinese factories.

TOKYO -- Concern is rising in corporate Japan over the impact of the Chinese economic slowdown, a Nikkei survey of top managers at 148 major Japanese companies shows.

The quarterly survey was taken from Sept. 2 to Sept. 24, when data revealed that the Chinese economy was clearly decelerating. A whopping 64.1% of the managers said it would have a negative impact on their companies. Only around 20% expected no impact.