China, Japan re­sume eco­nomic talks

Sun.Star Cebu - - BUSINESS -

China and Japan re­sumed high-level eco­nomic talks on Mon­day af­ter a hia­tus of nearly eight years in a sign of im­prov­ing ties in their of­ten-frosty re­la­tion­ship.

Led by their for­eign min­is­ters, the two sides met in Tokyo for what was billed as the fourth Japan-China High-Level Eco­nomic Di­a­logue, and the first one since Au­gust 2010.

Asia’s two largest economies have rea­son to co­op­er­ate in the face of Pres­i­dent Don­ald Trump’s moves to im­pose tar­iffs on im­ports from their coun­tries and his de­mands that they open their mar­kets more to Amer­i­can ex­ports.

Ja­panese Prime Min­is­ter Shinzo Abe is head­ing to the United States this week to meet Trump to dis­cuss both trade and Trump’s plans for a sum­mit with North Korean leader Kim Jong Un.

Long meet­ing

For­eign Min­is­ter Wang Yi’s visit to Japan is the first by a Chi­nese for­eign min­is­ter for bi­lat­eral talks since 2009. He met with his Ja­panese coun­ter­part Taro Kono for nearly four hours on Sun­day, the Ja­panese For­eign Min­istry said.

The two min­is­ters agreed on the im­por­tance of ar­rang­ing re­spec­tive vis­its by Abe to China and Chi­nese Pres­i­dent Xi Jin­ping to Japan. /

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