"Nihon Keizai Shimbun" recently reported that China issued the "Rural Living environment improvement five-year action Plan (2021-2025)" in December, clearly put forward to solid progress in rural toilet revolution, accelerate rural sewage treatment, so that Japanese enterprises see huge business opportunities.

China's water treatment market has huge potential, with Japan's Ministry of Economy, Trade and Industry predicting it could exceed 30 trillion yen (113 yen to the DOLLAR) by 2030. Japan related business giants have brought water treatment company operating experience and environmental technology to enter the market first.

It is reported that Sumitomo Corporation of Japan began to explore the Chinese water treatment market in 2010. Recently, it has been expanding its business in this area through cooperation with large Chinese water companies. Sumitomo plans to invest at least Y10bn in the business by 2030 to double its processing capacity, including by updating equipment.

In addition, toray, a famous Japanese enterprise, is also actively grasping the business opportunities in China's water market. Toray's new Y10bn RO reverse osmosis membrane plant in Guangdong province, due to start production by the end of March, will significantly expand the company's production capacity in China.