China jointly to undertake joint venture business in third country is very Chinese favor move most of experts may ponder. Japan is is extremely ethical and more advance in projects completion with low cost and more ease of completing business with systems well in place thus bring timely completion of the project with best machinery and equipment at its disposal. Secondly Fiscal part of Japan is judicially in fulcrum with cost of project, time and planning all in place with ADB, and others nationalized banks.Whereas China in an experience of technology advancement still needs to mature in customized its system on projects with best options. Thus China gets better deal with Japan is neutral to all regional states of conflicting interest which bring the best of goodwill to the joint venture of Japan and China together.
Prime Minister Shinzo Abe says Japan and China are shifting from competition to cooperation in a new stage of their bilateral relationship.Abe made the comment in a joint news conference with Chinese Premier Li Keqiang following their meeting on Friday.
Abe said he had a very candid and meaningful meeting with Premier Li and he wants to work with him to greatly advance bilateral ties.Abe said a new framework has been established to boost Japan-China cooperation in third-country markets, as shown by the gathering of more than 1,000 business people from both nations and the signing of numerous documents of cooperation.
Abe said Japan and China will deepen cooperation in a range of areas, including business, finance, technological innovation and intellectual property.
Chinese Premier Li Keqiang has invited Japan to work with China through such projects as Beijing’s Belt and Road initiative to create a huge economic zone.
Li spoke on Thursday at a reception in Beijing marking 40 years since the bilateral peace and friendship treaty took effect. Japanese Prime Minister Shinzo Abe also attended the event.
Li said the 2 countries need to learn from the foresight, wisdom, and courage of politicians in previous generations and build ties that are more mature and stable in line with the trends of the times.
Li said China will welcome Japan’s joining the Belt and Road project and jointly promoting cooperation in third country markets.
Li stressed that China and Japan should lead the stable development of the global economy. He said the 2 nations need to protect multilateralism and free trade.
China is locked in disputes with the United States over trade and other issues.
US China trade war is bone in contention.
500-strong Japanese business delegation traveling with Prime Minister Shinzo Abe descended on Beijing this week, seeking to capture the business opportunities presented by the warming ties between the two countries.
“We are looking forward to infrastructure and financial projects that will be a win-win-win for Japan, China and third countries,” said Hiroaki Nakanishi, chairman of both Hitachi and the Japan Business Federation, the powerful lobby better known as Keidanren, at the inaugural China-Japan Third Party Market Cooperation Forum held at Beijing’s Great Hall of the People on Friday.
China hosted the gathering to promote cooperation with Japan on infrastructure and other projects in third countries. Both Abe and Chinese Premier Li Keqiang attended the forum.
But while the enthusiasm for closer ties with China was evident, the fast-paced rapprochement could ruffle the feathers of the U.S. amid the ongoing trade friction between the world’s two biggest economies.
Inputs from NHK