Sony to close 2 Chinese factories
September 18, 2012
By Chris Forrester
The anti-Japanese sentiment in China has led to Sony deciding to temporarily close two of its factories on a short-term basis. Sony has not identified the locations, not wishing to create additional problems for local staff. Sony makes TVs and cameras in China. Panasonic and Canon have also closed factories, and many Japanese car dealerships have closed.
China is in a diplomatic dispute with Japan over some small uninhabited islands in the East China Sea controlled by Japan, but claimed by China (and Taiwan).
China and Japan have close business ties, with numerous Japanese companies investing in their larger neighbour and two-way trade totalling $342.9 billion last year, according to Chinese figures.