Amid a dimming global growth outlook, Japan and China on Sunday held an expanded ministerial meeting focusing on key economic issues ranging from trade and investment to better protection of intellectual property rights.

The so-called high-level economic dialogue, co-chaired by Foreign Minister Taro Kono and his Chinese counterpart, Wang Yi, took place in Beijing at a time when the Asian powers are seeking to boost cooperation following years of political tensions.

"Economic cooperation between China and Japan is continuously progressing and having a profound impact on the world," Wang, who is also a state councilor, said at the outset of the meeting. "We should exchange wisdom for the peaceful and stable development of the region and the world."