China remains the most popular destination for foreign industrial investment in the world, attracting almost $83 billion last year. But a growing number of multinational corporations are pursuing a strategy that companies and analysts call “China plus one,” establishing or expanding Asian bases outside China, particularly in Vietnam.

Japan's Canon, a leading printer and copier maker, said on Friday it would invest $575 million to build a new toner cartridge plant in the United States, prompting its shares to rise as much as 4.4%.