China Center for International Economic Exchanges

China and Japan Should Deepen Industrial Cooperation and Third Market Cooperation
Date:Dec 05,2017    Source:CCIEE

On December 5, the 3rd China-Japan CEO and Former Senior Officials’ Dialogue was concluded in Tokyo, Japan. The representatives of both sides conducted frank dialogues on the China-Japan economic and trade cooperation, reached consensus on such fields as trade, investment and financial cooperation, cooperation in digital economy, energy saving and environmental protection, healthcare, cross-border e-commerce, modern logistics and tourism industry, and jointly develop the third market. Zeng Peiyan, Chairman of the China Center for International Economic Exchanges, Yasuo Fukuda, former Japanese Prime Minister, business leaders and experts and scholars attended the dialogue. After the meeting, the two sides issued a joint statement expressing their will to seize the opportunity to deepen mutually beneficial cooperation.

The Chinese delegates interpreted the spirit of the 19th National Congress of the CPC and introduced the progress made in China’s economic development and structural readjustment over the past five years. They said that the recent meeting between the Chinese and Japanese leaders demonstrated their willingness to improve the bilateral relations. The China-Japan relation is expected to enter a new phase. Against this background, it is now a good time for bringing the bilateral economic and trade development to a higher level.

The Japanese representatives said that the 19th National Congress of the CPC elaborated on the future problems facing China and clarified the solutions to these issues. An important signal from the 19th National Congress to the world is that China will continue to maintain and expand its opening-up policy. The 3rd China-Japan CEO and Former Senior Officials’ Dialogue came in time and helped Japanese entrepreneurs understand China’s new stage of development.

The representatives of both sides agreed on that China and Japan have significant complementarities in trade and economy and thus, they should undertake mutually beneficial cooperation in promoting structural adjustment, fostering emerging industries and exploring third markets. Expanding mutually beneficial cooperation will benefit the people of both sides and it it also good for promoting steady development of the East Asian economic community and the world economy. The Japanese delegates expressed that they are willing to take part in the Belt and Road initiative and tap the business opportunities of the initiative. Together with China, Japan will continue to work on expanding cooperation in trade, investment and industry and promoting stable and healthy development of the bilateral economic and trade relations. They also discussed issues such as economic and trade policies, trade balances, two-way direct investment and third market cooperation and formed a number of consensuses.

China Center for International Economic Exchanges and Japan’s business federation Keidanren issued a joint statement, pointing out that the current interdependence among all countries has created a stronger demand for peace, development and cooperation. Fostering and deepening bilateral strategic mutual trust is crucial to the steady development of China-Japan relations in the new era. This year marks the 45th anniversary of the normalization of diplomatic relations between China and Japan and next year will be the 40th anniversary of the signing of the Treaty of Peace and Friendship, both sides should seize this window opportunity to further strengthen pragmatic cooperation, jointly meet the challenges, push forward a healthy development of the China-Japan relations so as to contribute to the world’s peaceful development. Economic and trade cooperation is a booster of China-Japan relations. The Chinese and Japanese economies are highly complementary in many aspects and the bilateral economic and trade relations have always been the stabilizer of the bilateral relations development. In the future, both sides should accurately grasp the general principles of peace, friendship and cooperation, conduct mutually beneficial and win-win cooperation and exchanges, promote liberalization and facilitation of trade and investment and enhance the bond between the two countries in order to promote the development of a mutually beneficial strategic relationship.

During the dialogue, Hiroyuki Shigeru, Minister of Economy, Trade and Industry of Japan, and Hiroshi Nakaso, Vice President of Bank of Japan, introduced Japan’s economy and industry as well as the monetary policy.

The China-Japan CEO and Former Senior Officials’ Dialogue was co-sponsored by China Center for International Economic Exchanges and the business federation Keidanren, aiming to build a platform for exchanges between Chinese and Japanese entrepreneurs, former senior officials and scholars. Since the dialogue was launched in November 2015, three rounds of dialogue have been held alternately in Tokyo and Beijing, and both parties agreed to hold the fourth dialogue in China next year.


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