China-Japan Ties: World's second and third largest economies aim for closer economic ties
Updated 09:20, 16-Oct-2018
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The fourth round of dialogue between Chinese and Japanese entrepreneurs and former high-level officials has concluded in Beijing. Delegates there sought to deepen economic cooperation in a complicated global environment. CGTN's Feng Yilei reports from the closing ceremony.
After two days of frank discussions, a Sino-Japanese business dialogue wrapped up with a consensus to deepen economic cooperation.
Business leaders, former senior officials and scholars called on both sides to promote free trade.
Chinese participants recognized good momentum in bilateral economic ties, with rapid growth in trade, investment and people-to-people exchanges. Yet they point out, global uncertainty now puts the world's second and third biggest economies at risk.
ZENG PEIYAN FORMER CHINESE VICE PREMIER CHAIRMAN, CHINA CENTER FOR INTERNATIONAL ECONOMIC EXCHANGES "China and Japan have respective advantages and are closely linked together on the global industrial chain. We should work together to oppose protectionism, while safeguarding international economic order."
Japan, on its part, agrees that globalization is an irreversible trend, and entrepreneurs from both countries can improve the quality of cooperation in various sectors to contribute to the world economy.
Delegates appeared to hold a positive outlook, as Prime Minister Shinzo Abe's China visit approaches.
YASUO FUKUDA FORMER JAPANESE PRIME MINISTER "Japan is willing to assist China to solve China-US trade conflicts for stable economic growth. But it's necessary to first build free trade relations through bilateral dialogue. It will be a good turning point if the upcoming meeting between Abe and Xi Jinping can touch upon that."
The two East-Asian countries aim to ensure globalization and economic growth prosper in the region. Both look forward to the materialization of the Regional Comprehensive Economic Partnership and a free trade agreement among China, Japan and South Korea. Another significant decision is to press ahead with market development in third-party markets, especially under the Belt and Road Initiative. Measures to do so are already underway.
NING JIZHE, DEPUTY DIRECTOR NATIONAL DEVELOPMENT AND REFORM COMMISSION "Right after Premier Li Keqiang's visit to Japan, we had a meeting in Thailand with the Japanese embassy and Thai authorities to jointly work on Thailand's Eastern Economic Corridor. Late this month, there will be a forum in Beijing on China-Japan-South Korean cooperation in third-party markets."
Attendees also exchanged ideas to create a favorable environment for future development. Cooperation strategies place emphasis in innovation, healthcare and clean energy sectors. That will help deal with common issues like industrial upgrading, an aging society, and pollution.
FENG YILEI BEIJING "Representatives from both countries speak highly of the regular meeting among entrepreneurs and former senior officials. They recognize its positive impact on deepening cooperation, and promoting understanding. The next round of talks is set for Tokyo next year. FYL, CGTN, BJ."