Canon's 2012 China sales fall more than 30%

Canon Inc said on Wednesday its sales in China fell more than 30 percent in the year to December 2012, more than it expected, due to the slowdown and the territorial dispute between Tokyo and Beijing.

Canon forecast a 26.6 percent pick-up in operating profit in 2013 as it cuts costs and boosts revenue due to a weaker yen.

China Daily -Agencies