"Japan Falls Behind China in Advanced Technology Competitiveness... Joint 3rd Place for Korea and Japan"

[Asia Economy Reporter Jeong Hyunjin] On the 13th, Japan's Nihon Keizai Shimbun reported that Japan's competitiveness in the global advanced technology sector has significantly declined, falling behind China.

According to the 2019 "Major Products and Services Market Share Survey" recently conducted by Nihon Keizai Shimbun, out of 74 total surveyed items, Japan ranked first in market share for 7 items. In the previous survey, Japan held the top position in 11 items, but this time it lost first place in 4 items including small and medium-sized LCD panels and insulators for lithium-ion batteries.

The reason for Japan's decline is China's growth. Among the 4 items Japan lost first place in, China took the lead in 2. China ranked first in 12 items overall. Chinese telecommunications equipment company Huawei led the market share rankings in mobile communication base stations, PCs, and closed-circuit (CC) TVs. The country leading the most items overall was the United States with 25.

Korea tied with Japan for third place. Korea ranked first globally in 7 fields including smartphones, organic EL (OLED) panels, and shipbuilding. The number of fields where Korea held the top market share remained the same as the previous year.

Nihon Keizai Shimbun stated, "Compared to Chinese or Korean companies that are moving to capture sectors showing growth through national support, Japan appears to be losing momentum (growth momentum)."

This content was produced with the assistance of AI translation services.