Sunday, 19 August, 2018

Japan, China agree on tie-up in service sector

China and Japan agree to set up hotline to prevent military clashes China's Li tells S.Korea's Moon to appropriately handle THAAD issue
Ray Hunter | 11 May, 2018, 04:32

When meeting with Toshihiro Nikai, secretary general of Japan's ruling Liberal Democratic Party (LDP), and Natsuo Yamaguchi, head of Komeito party, LDP's ruling coalition partner, Li said this year marks the 40th anniversary of the signing of China-Japan Treaty of Peace and Friendship.

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.

Shanxi Finance University expert Li Kai pointed out that in terms of economic scale, the proposed China-Japan-South Korea free trade zone can be compared to such major economic integration zones as the European Union or the North American Free Trade Agreement (NAFTA).

A trilateral business summit attended by leaders and business representatives from Korea, Japan and China took place in Tokyo on Wednesday, jointly hosted by the Korea Chamber of Commerce & Industry, the Japan Business Federation and the China Council for the Promotion of International Trade.

Li, who is on an official visit to Japan, made the remarks when meeting with some of the former Japanese politicians who had participated in the treaty-making process on Thursday morning.

Ford Halts Production of F-Series Pickup Due to Parts Shortage
Unifor local 200 president John D'Agnolo says the shutdown at Essex plant is only for two days, but it could be longer. The fire was at the Meridian Magnesium Products of America plant in Eaton Rapids, Michigan, on May 2.

The four documents refer to the 1972 Sino-Japanese Joint Statement, the 1978 China-Japan Treaty of Peace and Friendship, the 1998 China-Japan Joint Declaration, and the 2008 joint statement on advancing strategic and mutually beneficial relations. The Japanese minister said in response that the two countries would exchange more opinions for closer economic ties.

Abe called on the two sides to turn competition into coordination.

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.

For his part, Yohei Kono, former speaker of the Japanese House of Representatives, said he was amazed by the popularity of new services like bike-sharing, mobile payment and Internet-based delivery during his recent visit to China.

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