China-Japan Economic Dialogue Revert to Expand Trade

cial crisis in the developing economies a performanceplastic products, even if China's export of high-tech
stage, Japan has finally recognized the growth ofproducts, many components are imported from
China as a source of importance.Japan. This not only makes a lot of Japanese
On August 28 at the third high-level economiccompanies benefit from China's development, but
dialogue, the two sides of economic recoveryalso for the Japanese enterprises to expand exports
measures, bilateral and multilateral cooperation, theto China to bring space. European export market in
communication between the three topics were thethe short term demand is not the case, the Japanese
signing of seven documents on cooperation toturned to hopes the Chinese market. For Japan to
further promote economic cooperation have enjoyedexpand trade demands, China says Japanese
continued development , solidify the Sino-Japanesecompanies will include the establishment of foreign
strategic and mutually beneficial relationship.enterprises, including a better environment for
The two countries signed the Sino-Japanesedevelopment.
cooperation documents covering the distributionThe Chinese side expressed the hope in the dialogue
logistics policy, personnel scholarship agreement,in the high-end manufacturing, energy-saving
circulation dialogue, economic exchanges andenvironmental protection, information communication,
cooperation between industry, timber trade and thequality management, to promote bilateral cooperation.
protection of forests, Zhu protection and foodFor China itself, expect the Japanese understand the
safety, involving a number of bilateral trade andsituation, and actively adjust the export structure of
cooperation specific areas.China, in Europe and the United States exports to
The dialogue is in the new Japanese cabinet heldChina some of the "blind spot" excavation market.
after the ruling, but also China and Japan plan toJapan's wind power, solar batteries and so on to
develop a blueprint for their future economicmaster the world's high-end technology, but industry
development of an important period. Throughby domestic market size restrictions. The
dialogue, the two sides to seek common ground toenergy-saving environmental protection industry in
expand economic development, enhanceChina is a strategic new industries and new economic
macroeconomic policy coordination, promote thegrowth point, the two sides cooperate in these areas
development strategy of positive interactionand presents tremendous opportunities. In addition,
between the two countries.the Sino-Japanese economy is highly interdependent,
Since the Second China-Japan high-level economiccomplementary industrial structure, the two sides in
dialogue, the Chinese economy during the financialthe trade there are many opportunities for
crisis the first to rebound, the Japanese economy tocooperation, Sino-Japanese economic cooperation
rebound better. But in the global economy against thebetween the closely related, so that bilateral
background of a difficult recovery, witheconomic and trade quickly recovered to the level
export-oriented economies in China and Japan, thebefore the financial crisis.
traditional export markets in Europe and the UnitedRE in Japan is very concerned about the issue, the
States economic slowdown, sluggish domesticChinese explained the reasons for restrictions on the
demand, domestic circumstances, are faced withexport of rare earth. The Chinese side said the
domestic economic structure, accelerate therestriction is for both to promote economic
adjustment of the pressure, under step, how to laydevelopment but also the protection of the
a solid foundation of economic growth, theenvironment and national security a combination of
consolidation of Sino-Japanese economic recovery asfactors to consider, not only to limit the export of
the primary task facing the two countries.rare earth, will be on the mining, production and trade
In the dialogue session, how to layout a newrestrictions on the entire chain. Sato, the Japanese
economic growth point, significantly promote theForeign Ministry spokesman Wu said that night, the
Sino-Japanese trade has become a hot issue.two sides will continue consultations on the issue of
For the Japanese speaking, the recent rapidrare earth.
appreciation of the yen, further drag on economicIn addition, the strong demand earlier maritime rights
growth in Japan. Japanese firms eager to export outissue has not been prominent in this dialogue to
of appreciation of the yen to bring pressure on China,achieve progress in the East China Sea oil and gas
eager to expand exports and increase investment injoint development and other issues remained to be
China, the more products to China production, deepertwo sides to communicate.
into the Chinese economy, relying on China's rapidIn this dialogue, China and Japan in the international
economic growth to lead the Japanese economy outnegotiations on climate change to achieve greater
of crisis.consensus, both sides said they would jointly
At present, China is Japan's largest exporter, Japan ispromote the international negotiations on climate
China's second largest source of foreign investment.change and achieve positive results.
Chinese customs data show that from January toThe two economies and Japan to strengthen
July 2010, China imported 96.56 billion U.S. dollars fromcooperation on the world economy is very important
Japan, up 42.8%; as of the end of April this year,to the Asian economy is also very useful. China and
Japanese direct investments in China total almost 71Japan can help achieve a win-win: China can absorb
billion U.S. dollars.high-tech Japan, to enhance the level of innovation;
The first half of this year, Japanese companiesJapan slowdown in global economic recovery, the
maintained by China trade performance of gratifyingoccasion, leveraging strong demand in China, led the
growth and to assemble products at low cost inJapanese economic recession. Financial crisis in the
China, many Japanese companies, "revive the familydeveloping economies a performance stage, Japan
business." Currently, China is still the main exporthas finally recognized the growth of China as a
products with low added value textiles, toys andsource of importance.