China and Japan Trade and Economic Interdependence Strengthen

The third high-level economic dialogue held in Beijing on the 28th, Chinese Vice Premier Wang Qishan and Katsuya Okada, the Japanese Foreign Minister co-chaired the dialogue. In this dialogue, both sides focus on economic recovery measures, bilateral mutually beneficial cooperation and win-win global and regional cooperation, exchange of views on three topics and reached consensus. Some analysts said the economic recovery in the global economy after the crisis has not yet stable era of Sino-Japanese economic and trade cooperation, interdependence is strengthening will work hard to weaken the friction in the premise to find more common interests. Increased interdependence

The third high-level economic dialogue during the Sino-Japanese on the green economy, industry, finance, agricultural cooperation and improving the business environment and other aspects of communication. Dialogue signed seven cooperation documents.

Insiders pointed out that the United States and Europe demand remains weak economy, China and Japan are facing the economy from export-oriented economy to rely on domestic demand, conversion, foreign trade, major regions need Europe and the United States market to the Asian region. Between China and Japan to promote the role of the mutual needs of increasingly prominent.

Statistics show that Sino-Japanese bilateral trade has exceeded the level before the international financial crisis. As the Japanese enterprises to expand investment in China to bring high-end parts and components exports to China, the first half of this year, trade between China and Japan about 300 billion deficit.

Meanwhile, more and more attention to the Chinese market in Japan for Japan’s economic development significance. British “Financial Times” the author pointed out that Japan will benefit China’s economic growth. Japanese Economy and Industry predicts that by 2020, China’s domestic consumption will reach 5.57 trillion U.S. dollars, will be more than the scale of domestic consumption was about 3.61 trillion U.S. dollars in Japan. Japanese economists believe that Japan is entering an aging society, the population decreased, the Chinese market will become the main driver of economic growth.

Carbon into the hot environment cooperation

Analysts pointed out that Japan has basically saturated domestic market, expanding domestic demand is not the reality, the Japanese government for economic development based on the expansion of exports to Asia, especially China. The Chinese are in the process of industrial upgrading, foreign capital and advanced technology necessary to demand.

For the Chinese part of the high pollution and high energy consumption industries to upgrade it, experienced the environmental protection industry is one of the best partner. National Development and Reform Commission Zhang Ping, the dialogue conference, the two sides have been in late October this year held in Tokyo, Japan, the fifth China-Japan energy-saving and environment protection forum to discuss the green economy and low carbon technologies to carry out cooperation to strengthen the two State Energy Conservation Center to promote energy conservation demonstration projects and other environmental business reached a broad consensus.

In the dialogue, the Japanese side on China’s mineral resources exports, innovation systems, information security policy, expressed concern.

For rare earth export interest to Japan, the Chinese Minister of Commerce Chen Deming said on the 28th, China rare earth industry is the restrictions they had to do, a lot of extraction of rare earth on the ecological environment have great damage and destruction, so China’s rare earth production, mining and trade restrictions are imposed, this approach is consistent with WTO rules. He hoped that China and Japan to relax restrictions on exports of high technology, new and high technology cooperation, and the Chinese business people to Japan visa facilitation skills to increase China’s interns and expand the Customs Co-operation.

Strengthen financial cooperation

Japan Post and financial services also play a minister from the see Shozaburo attended the dialogue. He said the world economic and financial situation is not yet stable, Japan looks forward to China and Japan to strengthen cooperation in financial field, to overcome the current difficult situation.

It is reported that the Group of 20 leaders meeting in November will be held in Seoul, South Korea, when the parties want the meeting to come up with a new, balanced regulatory program. China and Japan are members of the group, will participate in the discussion of financial regulatory reform. Since see Shozaburo said Japan would like to actively cooperate with the Chinese to restore stability to financial institutions, and once again take up the promotion of sustainable economic growth of mission in the world.

Some analysts believe that the financial turmoil in Japan suffered a heavy blow, attract investment and exports fell, the financial investment losses. China and Japan should join forces to fight the United States commitment to preservation of assets, and East Asia for more building a new world financial order, the right to speak.

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Category: World Affairs
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