July 27, 2018
On July 28 (Tue.), 2018, Mr. Takashi Shimada, Vice-Minister of Economy, Trade and Industry, and Mr. Ning Jizhe, Vice Director, the National Development and Reform Commission (NDRC), held a Japan-China High-Level Consultation. Inaugurated in 1980, this consultation was the 32nd meeting.
Both sides exchanged views and shared their recognitions of the economic situation and policies in Japan and China, business cooperation in third countries and other individual fields, and agreed on further enrichment of dialogues and exchange in the future.
1. Exchanging views concerning the global economy as well as economic situation and economic policies in Japan and China
Both sides exchanged views concerning the global economic situation, Japan’s economic situation and economic policies, e.g., the Investments for the Future Strategy 2018, and China’s economic situation and economic policies, e.g., supply-side structural reform.
They share the recognition that it is important for both Japan and China to advance economic structural reforms to achieve sustainable growth.
2. Exchanging views concerning cooperation in respective fields and solutions to challenges
Both sides held discussions on specific approaches to advancing the Memorandum on Business Cooperation in Third countries, which was signed by METI Minister Seko and NDRC Chairman He Lifeng, taking the opportunity of the Japan-China summit meeting held in May 2018. In addition, both sides shared the recognition that it is important for Japan and China to cooperate in strengthening cooperation in the service industry and the field of energy, including through the Japan-China Energy Conservation and Environment Forum and in development of business environments.
Following these exchanging views, both sides agreed on the further enrichment of dialogues and exchanges between METI and NDRC, as well as that he next, 33rd, Japan-China High-Level Consultation to hold in China in 2019.
Division in Charge
Northeast Asia Division, Trade Policy Bureau