Japanese prefer India to China for long-term investments

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TOKYO, Dec 1 (PTI): India has overtaken China for the first time as the most attractive business destination for long-term Japanese investments, results of a survey by Japan Bank for International Cooperation (JBIC) showed Friday.
According to the JBIC's annual survey, 70 per cent of surveyed Japanese manufacturers regarded India as an attractive country to do business in over the next 10 years or so, while 67 per cent preferred China. Russia came third, with a 37 per cent rating, followed by Vietnam at 28 per cent.
From a three-year or so prospect, China remains the most attractive base of production, marketing and other operations for Japanese manufacturers.