Japanese executives absent from China’s key annual summit amid tensions

No Japanese business executives will attend the China Development Forum (CDF) in Beijing this week amid ongoing diplomatic friction with China, according to an internal list seen by the South China Morning Post. Nearly 80 top executives from foreign firms, mainly from the US, are set to join the two-day event. Some Middle East CEOs cancelled due to the Iran war disrupting travel.

As diplomatic friction between China and Japan continues, no Japanese business executives will attend a key forum of multinational companies in Beijing this coming week, according to an internal list seen by the South China Morning Post. Nearly 80 top executives from major foreign corporations, with those from the US making up the largest group, will attend the China Development Forum (CDF) from Sunday to Monday. Key figures set to attend include Apple’s Tim Cook, Volkswagen’s Oliver Blume and Samsung Electronics’ Lee Jae-yong. Other major corporations sending representatives this year include TotalEnergies, Mercedes-Benz, Maersk, SK Hynix, Siemens, Broadcom, Cargill and AstraZeneca. Meanwhile, some foreign CEOs – including a few from the Middle East – who had been invited and scheduled to attend the annual event cancelled their trips, as the Iran war interrupted international travel and their operations at home, according to multiple sources.

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In a sign of deepening China-South Korea business ties amid the state visit of President Lee Jae-myung starting Sunday, South Korean executives are set to engage with Beijing, while Japanese firms have postponed trips due to fallout from Tokyo's Taiwan remarks.

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The Japan-China Economic Association, comprising Japanese business groups including Keidanren, has announced the postponement of a planned delegation to China in January. The decision stems from China's heightened opposition to Prime Minister Sanae Takaichi's remarks on a Taiwan contingency, complicating arrangements for meetings with officials. This marks the first such disruption in over 13 years due to political tensions between Asia's two largest economies.

Conflict in the Middle East and global turbulence following US-Israeli strikes against Iran have prompted foreign investors to seek certainty in China. Speakers at the China Development Forum highlighted this trend.

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Several major Chinese travel agencies have halted sales of trips to Japan following a government advisory urging citizens to avoid the country amid escalating tensions over Taiwan. The move was triggered by remarks from Japanese Prime Minister Sanae Takaichi suggesting potential military involvement in a Taiwan contingency. Cancellations have begun at Japanese hotels, and releases of Japanese films in China have been postponed.

At the Munich Security Conference, France's Jean-Noel Barrot and Germany's Johann Wadephul met with China's Wang Yi in trilateral talks to counter US-China divide-and-rule tactics and bolster European unity. This revives a format not seen since Emmanuel Macron's first term.

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Taipei Mayor Chiang Wan-an has shortened his planned trip to Shanghai for the Shanghai-Taipei City Forum to return and manage heightened security following a deadly mass stabbing. The forum remains one of the few cross-strait events attended by officials from both sides, with Chiang attending only the main session on Sunday morning.

 

 

 

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