China and Japan Trade and Economic Interdependence Strengthen

hird high-level economic dialogue held in Beijing on theFor the Chinese part of the high pollution and high
28th, Chinese Vice Premier Wang Qishan and Katsuyaenergy consumption industries to upgrade it,
Okada, the Japanese Foreign Minister co-chaired theexperienced the environmental protection industry is
dialogue. In this dialogue, both sides focus onone of the best partner. National Development and
economic recovery measures, bilateral mutuallyReform Commission Zhang Ping, the dialogue
beneficial cooperation and win-win global and regionalconference, the two sides have been in late October
cooperation, exchange of views on three topics andthis year held in Tokyo, Japan, the fifth China-Japan
reached consensus. Some analysts said the economicenergy-saving and environment protection forum to
recovery in the global economy after the crisis hasdiscuss the green economy and low carbon
not yet stable era of Sino-Japanese economic andtechnologies to carry out cooperation to strengthen
trade cooperation, interdependence is strengtheningthe two State Energy Conservation Center to
will work hard to weaken the friction in the premisepromote energy conservation demonstration projects
to find more common interests. Increasedand other environmental business reached a broad
interdependenceconsensus.
The third high-level economic dialogue during theIn the dialogue, the Japanese side on China's mineral
Sino-Japanese on the green economy, industry,resources exports, innovation systems, information
finance, agricultural cooperation and improving thesecurity policy, expressed concern.
business environment and other aspects ofFor rare earth export interest to Japan, the Chinese
communication. Dialogue signed seven cooperationMinister of Commerce Chen Deming said on the 28th,
documents.China rare earth industry is the restrictions they had
Insiders pointed out that the United States andto do, a lot of extraction of rare earth on the
Europe demand remains weak economy, China andecological environment have great damage and
Japan are facing the economy from export-orienteddestruction, so China's rare earth production, mining
economy to rely on domestic demand, conversion,and trade restrictions are imposed, this approach is
foreign trade, major regions need Europe and theconsistent with WTO rules. He hoped that China and
United States market to the Asian region. BetweenJapan to relax restrictions on exports of high
China and Japan to promote the role of the mutualtechnology, new and high technology cooperation,
needs of increasingly prominent.and the Chinese business people to Japan visa
Statistics show that Sino-Japanese bilateral trade hasfacilitation skills to increase China's interns and expand
exceeded the level before the international financialthe Customs Co-operation.
crisis. As the Japanese enterprises to expandStrengthen financial cooperation
investment in China to bring high-end parts andJapan Post and financial services also play a minister
components exports to China, the first half of thisfrom the see Shozaburo attended the dialogue. He
year, trade between China and Japan about 300said the world economic and financial situation is not
billion deficit.yet stable, Japan looks forward to China and Japan
Meanwhile, more and more attention to the Chineseto strengthen cooperation in financial field, to
market in Japan for Japan's economic developmentovercome the current difficult situation.
significance. British "Financial Times" the author pointedIt is reported that the Group of 20 leaders meeting
out that Japan will benefit China's economic growth.in November will be held in Seoul, South Korea, when
Japanese Economy and Industry predicts that bythe parties want the meeting to come up with a
2020, China's domestic consumption will reach 5.57new, balanced regulatory program. China and Japan
trillion U.S. dollars, will be more than the scale ofare members of the group, will participate in the
domestic consumption was about 3.61 trillion U.S.discussion of financial regulatory reform. Since see
dollars in Japan. Japanese economists believe thatShozaburo said Japan would like to actively
Japan is entering an aging society, the populationcooperate with the Chinese to restore stability to
decreased, the Chinese market will become the mainfinancial institutions, and once again take up the
driver of economic growth.promotion of sustainable economic growth of mission
Carbon into the hot environment cooperationin the world.
Analysts pointed out that Japan has basicallySome analysts believe that the financial turmoil in
saturated domestic market, expanding domesticJapan suffered a heavy blow, attract investment and
demand is not the reality, the Japanese governmentexports fell, the financial investment losses. China and
for economic development based on the expansionJapan should join forces to fight the United States
of exports to Asia, especially China. The Chinese arecommitment to preservation of assets, and East Asia
in the process of industrial upgrading, foreign capitalfor more building a new world financial order, the right
and advanced technology necessary to demand.to speak.