Unicharm will spend 4 billion yen ($36 million) in the current fiscal year to set up a digital innovation center in China.
China may be experiencing a slowing economy and the lowest birth rate in almost 60 years, but there are still enough babies to keep Japanese diaper maker Unicharm Corp. invested in the market.
Unicharm will spend 4 billion yen ($36 million) in the current fiscal year to set up a digital innovation center in China, Takahara said in a briefing after the company's earnings report.
Later this spring, Unicharm will open a smart factory in Japan to make products for export into the Chinese market, he said.
The number of babies born in China last year fell by some 2 million from 2017, to 15.23 million. That's the least since 1961, according to demographer He Yafu, and presents risks to the country's economic growth.
Japan's situation is no better -- its fertility rate has been slipping, from 1.57 in 1989 to 1.43 in 2017.
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