China, Japan to deepen economic ties

China, Japan to deepen economic ties

Agency News

Beijing, Apr 15 : China and Japan have agreed to deepen ties, especially trade and investment, ahead of a possible visit to Japan by Chinese President Xi Jinping in June.
Chinese State Councilor and Foreign Minister Wang Yi said the fourth high-level economic dialogue, which was restarted after an eight-year hiatus last April, facilitated policy communication and pragmatic cooperation effectively.
Wang co-chaired the dialogue with visiting Japanese Foreign Minister Taro Kono here on Sunday.

This year marks the 70th anniversary of the founding of the People's Republic of China, while Japan will enter the new era "Reiwa", Wang said, adding that the two countries should uphold the major consensus reached by the two countries' leaders and jointly construct bilateral economic relations to meet the needs of the new era, reports state Xinhua news agency.
The two sides should make steady headway in promoting bilateral investments and trade cooperation, jointly build the Belt and Road, and actively explore third party market cooperation as well as local cooperation, Wang said.
Kono said that economic cooperation has been an important foundation and driving force for Japan-China relations.

Facing a global situation of intense uncertainty, the two sides should jointly safeguard the multilateral trade mechanism based on rules, he said.

During the dialogue, senior foreign affairs and economic officials of both countries exchanged views and achieved a series of consensus on macroeconomic policies, bilateral economic cooperation and exchanges, regional economic integration, and global economic governance.
Wang also called for consolidating the cooperation results in such areas as energy conservation and environment protection, science and technology innovation, high-end manufacturing, finance, sharing economy, medical care and elderly care industries.

Wang said that China and Japan should make joint efforts to promote trade and investment liberalization and facilitation, uphold a business environment of fairness, justice and non-discrimination, speed up negotiations on the Regional Comprehensive Economic Partnership and China-Japan-ROK free trade agreement, and safeguard multilateralism and free trade regime.
“We have voiced the Japanese side’s concerns over forced technology transfers and over the protection of intellectual property rights,” Kono told reporters after the ministerial meeting.
China encouraged Japan to invest in infrastructure projects under Xi’s “One Belt, One Road” development initiative stretching across Asia, the Middle East, Europe and Africa, according to the Chinese Foreign Ministry.
China also expressed concern over Japanese telecommunications firms’ decision to exclude HuaweiTechnologies Co. and ZTE Corp. from contracts amid concerns among some developed countries over security breaches, Kono said. (UNI)