China welcomes more Japanese investments: Premier Li

Premier Li Keqiang on Wednesday expressed his expectation for the Japanese economic community to seize the opportunities of China's opening up, increase investment in China and expand bilateral cooperation areas to promote more achievements in trade and the economy.

Chinese Premier Li Keqiang meets with a delegation from Japan's business community in Beijing on Wednesday, September 11, 2019. [Photo: gov.cn]

Li made the remarks in a meeting with a delegation from Japan's business community, led by president of the Japan-China Association on Economy and Trade Shoji Muneoka, chair of the Japan Chamber of Commerce and Industry Akio Mimura, and Nobuyuki Koga, chairman of the Board of Councilors of the Japan Business Federation.

China-Japan relations have returned to the right track since last year thanks to the joint efforts of the two sides, and the trade and economic cooperation between the two countries has been steadily advanced and the prospects for bilateral cooperation are broad, said Li.

Chinese Premier Li Keqiang poses for a group photo with a delegation from Japan's business community in Beijing on Wednesday, September 11, 2019. [Photo: gov.cn]

When China-Japan relations encountered difficulties, the Japanese economic community made important efforts and contributions to maintain their healthy and steady development as well as accelerate pragmatic cooperation between the two countries, the Chinese premier said.

According to Li, China and Japan are two of the world's major economies, and should give full play to their complementary advantages and work together to deepen cooperation, which will not only benefit the two countries, but also conducive to regional and global economy, as well as the prosperity and stability of the world.

Chinese Premier Li Keqiang meets with a delegation from Japan's business community in Beijing on Wednesday, September 11, 2019. [Photo: gov.cn]

Noting that economic globalization is irreversible, and economic and trade exchanges should not be blocked by national borders, Li pointed out that promoting the healthy development of globalization is the way of progress.

"China has always firmly upheld the multilateral trading system with the World Trade Organization at its core and promotes the liberalization and facilitation of trade and investment," Li said, stressing China will unswervingly promote all-round opening up, and strive to optimize the business environment.

China welcomes the Japanese economic community to seize the opportunity brought forth by China's opening up and increase investments in China, expand cooperation areas, and promote more cooperation achievements in trade and economic areas between the two countries, he said.

While expressing congratulations on the 70th anniversary of the founding of the People's Republic of China, the Japanese economic delegation said that Japan and China have witnessed progress in bilateral ties since last year, and close high-level exchanges have facilitated the two countries' economic and trade cooperation.

Chinese Premier Li Keqiang meets with a delegation from Japan's business community in Beijing on Wednesday, September 11, 2019. [Photo: gov.cn]

The Japanese economic community firmly supports free trade and hopes China and the United States will resolutely resolve their trade disputes through negotiation, they said.

Speaking highly of China's efforts in promoting trade and investment liberalization, expanding market access and improving the business environment, they said that the Japanese economic community is willing to boost cooperation with the Chinese side in science and technology innovation, climate change, health care and third-party markets.

They also expressed their expectation of concluding the negotiations for the Regional Comprehensive Economic Partnership (RCEP), a proposed free trade agreement between the 10 ASEAN (the Association of Southeast Asian Nations) members and Australia, China, India, Japan, South Korea and New Zealand, by the end of the year.