Chinese Premier Li Keqiang attended and addressed the 7th China-Korea-Japan Business Summit in Chengdu, Sichuan Province on December 24. ROK President Moon Jae-in and Japanese Prime Minister Shinzo Abe were also in attendance.
Li Keqiang said, “This year is a memorable one as it marks the 20th anniversary of the trilateral cooperation. Twenty years on, despite changes in the international environment, the trilateral cooperation has been moving steadily forward, which serves the interests of all three countries and the wellbeing of our peoples. Our world today is undergoing complex and profound changes. In such a context, our three countries need to carry forward the spirit of cooperating to tackling the Asian financial crisis 20 years ago. We should help each other, build up consensus, and advance toward the future with unity and cooperation. We need to strengthen mutual political trust, expand practical cooperation and jointly tackle challenges to make new contributions to the prosperity and stability in our region and beyond.”
“We should work together to upgrade regional economic integration. As firm supporters of the Regional Comprehensive Economic Partnership (RCEP) negotiations, our three countries need to implement the ‘Bangkok Consensus’ reached last month and keep up the momentum to ensure the formal signing of the RCEP next year. We should facilitate early, substantive progress in the trilateral FTA negotiations, and firmly uphold multilateralism and free trade. We should work together to foster new areas of growth in modern services. China has a huge and continuously upgrading market, and a demand for more services in elderly, health and child care. To further open its financial sector, China lifts foreign ownership caps in securities, futures, funds and life insurance in advance, which not only helps our three countries in addressing common challenges in aging, health care and financial stability, but also contributes to common development.”
“Having fully opened up its manufacturing sector, China will accelerate the opening of the services sectors and allow wholly foreign-owned companies into more sectors. China's investment environment will definitely become fairer and more transparent and predictable. China will not waver in its commitment to opening-up. Instead of closing our door, we will open it even wider. We are fostering a world-class, market-oriented business environment governed by a sound legal framework, where companies under all types of ownership are treated as equals and infringements of intellectual property rights are severely dealt with. China will work with the ROK and Japan to harness our respective strengths and expand cooperation in line with market principles to make the pie of our converging interests bigger. As a Chinese saying goes, ‘Those in the waterfront pavilion get a better view of the moon.’ Companies from the ROK and Japan are welcome to seize the new opportunity of China’s expanding of its opening-up to explore more business opportunities and achieve greater win-win results.”
The leaders of the ROK and Japan highly commended China’s reform and opening up measures. Enterprises of the two sides have actively participated in this process and achieved mutual benefits and win-win results. In the current situation, the three sides should harness respective complementary strengths and work together to tackle common challenges. The ROK and Japan are willing to work with China to uphold free trade, lower trade barriers, and create fair, just and predictable business environments for each other's enterprises.
The three sides should work together to ensure the early signing of the RCEP and promote trilateral FTA negotiations. It is necessary to seize the opportunity of the fourth industrial revolution to carry out innovative technology cooperation in such areas as digital economy and artificial intelligence, strengthen the synergy of development strategies to achieve regional peace and prosperity for a new era and a glorious future for Asia.
Around 800 representatives from governments and businesses communities of the three countries attended the summit.