Financial Times FT.com

Japanese fall behind in race for China

ByMichiyo Nakamoto in Tokyo

Published: September 28 2009 22:51 | Last updated: September 28 2009 22:51

Japanese companies have fallen behind their European and US counterparts in the burgeoning Chinese market, a study released on Tuesday by McKinsey, the research group, says.

The study says Japanese companies have been hampered by an insular corporate culture, which fails to reward and promote local talent. It suggests many groups simply export their management systems to overseas markets and many use Japanese as their official language, even in China.

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