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As part of its economic stimulus package, Japan to fund companies to shift production out of China

R Sinduja

News Editor

China has been Japan's biggest trading partner in general but imports from China have drastically dropped due to lockdown in order to contain the COVID-19 spread. This has hit the manufacturing and supply chain. Due to this, Japan will be funding its companies to move manufacturing operations out of China. As a part of its economic stimulus package, Japan has reserved $2.2 billion to help companies shift production from China.