China made overtures on trade to Japan and South Korea and offered support for an infrastructure initiative as it hosted the leaders of its two neighbours this week amid strained ties with the US.
Chinese
Premier Li Keqiang said Wednesday at a meeting with Japanese Prime Minister
Shinzo Abe that Beijing was willing to strengthen economic cooperation with
Japan in third-country markets.
At the
meeting on the sidelines of a trilateral summit in the southwestern city of
Chengdu, Li added that China would "further open up its services
industry" to Japan.
During a
separate meeting on Monday with South Korean President Moon Jae-in, Li said
China was willing to work on a rail network linking Korea with China and
Europe, Yonhap news agency reported.
Li's
remarks come as China and the United States edge closer to an initial trade
agreement after imposing tariffs on billions of dollars worth of goods over
nearly two years in a bruising trade war that has hit the global economy.
On
Friday US President Donald Trump touted a "very good talk" he had
held with China's President Xi Jinping on a deal to resolve the dispute.
However
details of the so-called "phase one" deal between the world's two
largest economies have yet to be published in writing, with officials citing
incomplete translation and legal work.
Meanwhile
relations between the pair have been further strained by US legislators'
support for the pro-democracy movement in Hong Kong, and their condemnation of
the mass internment of Muslim minorities in the western Chinese region of
Xinjiang.
-
Free-trade deal -
Li
stressed on Wednesday the importance of China's trade ties with Japan and South
Korea, saying their vast volume of trade was due to the "joint protection
of regional stability and peace".
China,
Japan and South Korea held a summit on Tuesday that also touched on a planned
free-trade agreement between the three nations, which has been many years in
the making.
Trade
among the trio was worth more than $720 billion in 2018, according to a joint
statement issued Tuesday night by the leaders.
The
countries will "speed up the negotiations" on the agreement and
"strive to realize a free, fair, non-discriminatory, transparent,
predictable and stable trade and investment environment", the statement
said.
The
leaders plan for the new trilateral free-trade agreement (FTA) to build on a
separate, sprawling China-backed Asian trade pact, which if signed would be the
world's biggest trade deal.
That
pact, called the Regional Comprehensive Economic Partnership (RCEP), was meant
to account for 30 percent of global GDP and loop in half of the world's people.
But
India rejected the RCEP deal at a summit in November, dealing it a major blow.
The
remaining members of RCEP, which include all 10 ASEAN states plus China, Japan,
South Korea, Australia and New Zealand, are aiming to sign it next year after
reviewing an agreed draft text.
"Negotiations
on the trilateral FTA will become more active as soon as they are able to
conclude the negotiation on RCEP," Japanese foreign ministry spokesperson
Masato Otaka said Tuesday.
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