Biz leaders make strides in China

JIJI

Japanese business leaders and Chinese Commerce Minister Gao Hucheng agreed Monday that the two countries will step up direct investment in each other.

In their meeting in Beijing, the delegation from the Tokyo-based Japan-China Economic Association also agreed that Japan will help China save energy and address air pollution.

The Japanese delegation includes Fujio Cho, honorary chairman of Toyota Motor Corp. and chairman of the association, and Hiromasa Yonekura, chairman of Keidanren.

Investment between Japan and China still has great growth potential although it was heavily affected by a problem last year, Gao said, referring to tensions that flared up between the two countries over the Senkaku Islands in the East China Sea.

Gao asked for cooperation to help Chinese companies boost investment in Japan.

Cho responded by saying Japan needs to be active in accepting investment from China.

Chinese Foreign Ministry spokesman Qin Gang said at a press conference that Beijing hopes that the visit by the Japanese business delegation will help Japan deepen its understanding of China’s position on bilateral relations.