TOKYO -- Japanese executives expect rising industries such as services, communications and pharmaceuticals to take the leading role in China's economy as steel and real estate fall behind, a quarterly survey of corporate leaders released Monday shows.
Of the heads of 145 major companies surveyed by The Nikkei, 67.6% said the economic slowdown is a drag on their operations, up 3.5 percentage points from the September survey. Of these, 70.4% cited a drop in sales, while 26.5% pointed to reduced output at Chinese plants.
