With Toyota Motor Corporation at the top, Aichi Prefecture is home to the headquarters and factories of 1,467 companies including Toyota Group mega suppliers such as Denso and Aishin, and Tier 2 and lower parts companies.
A quarter of the low-to-middle-income countries (LMICs) receiving loans related to the Belt and Road Initiative (BRI) have debt exposure to China exceeding 10% of their GDP.
As the Xi Jinping administration intensifies its confrontational stance towards the U.S., it is speeding up domestic production of semiconductors which are “the rice of industry,” in fear of decoupling from the international supply chain.
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