1 how does china s economic emergence matter a japanese perspective g01 ken ichi imai the institute of developing economies 3 2 wakaba mihama ku chiba 261 8545 japan imaiken1 ide go jp april 15 2002 summary in recent years manufacturing sector has improved its productivities markedly due mainly to ever increasing competitive pressure domestic market and growth industrial agglomeration coastal area improvement production quality development supporting industries together with abundance cheap diligent labor huge potential have led upsurge direct investment growing number companies been transferring their mass facilities which is arousing concern over hollowing out at home however still highly dependent on foreign partners including terms key technologies components immature corporate governance structure chinese makes long term commitment research difficult suggests reliance will remain place foreseeable future if can exploit technological advantages so that profit generated from offset
