Chinese premier calls upon Japan's political parties to help boost bilateral ties

Hannah Rogers
May 11, 2018

The two countries also agreed to resume a currency swap arrangement in times of financial emergency, and they will launch a public-private sector council to consider cooperation projects related to Beijing's belt and road trade and infrastructure strategy.

In the speech, Li also said China will make efforts to protect the global economy by promoting free trade, an apparent reference to protectionist moves promoted by U.S. President Donald Trump.

The South Korean government will decide on its participation in the Trans-Pacific Partnership (TPP) within this year, Minister of Trade, Industry and Energy Paik Un-gyu was quoted as saying on May 9 by Japanese newspapers.

South Korean President Moon Jae-in and Chinese PM Li Keqiang have agreed that they want to see a guarantee of economic aid for North Korea if the nation agrees to denuclearize.

Target areas for the Japan-China cooperation framework include nursing care and welfare.

"Our working-level cooperation will evolve".

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The treaty confirmed the principles of the 1972 Sino-Japanese Joint Statement in legal form, raised it to a law that must be strictly followed, and established the general direction of friendship for generations and peaceful coexistence between the two countries, said Li.

The deal is the latest result of a push to improve ties strained by lingering acrimony over Japan's wartime occupation of swathes of China and a dispute over the ownership of islets in the East China Sea.

Abe, who rolled out the red carpet for Li at Akasaka Palace, a state guest house in the west of the city, said Li's visit marked a fresh start for bilateral ties.

Abe called on the two sides to turn competition into coordination. He said he looks forward to more of such high-level visits between the two neighbors.

The progress made by China is worth learning from, said Kono, adding that China and Japan should learn from each other to achieve common prosperity and make joint contribution to the development of the world.

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