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China, Japan tout 'recovered' ties amid global uncertainty

AP  |  Beijing 

and have the opportunity to "take charge of the economic field" during a time of worldwide uncertainty, Japan's said Sunday, as trade pressures from the have prompted both to seek alternative markets.

met with his Chinese counterpart, Wang Yi, in to discuss youth exchanges and economic relations between the two countries, whose ties "completely recovered" last year, according to Kono.

The relationship was turbulent in previous years due to an unresolved dispute over islands in the Sea.

High-level exchanges were frozen in 2012 after nationalised the small group of remote islands claimed by

The act set off violent protests in and sent Japanese investment and tourism into a nose dive.

Trade and investment have since rebounded, and companies from the two nations are considering joint projects in third such as

While "the current economic situation is complicated and profoundly changing," Wang said, "Sino-Japanese economic cooperation is constantly advancing at a solid pace."

China and the US said a week earlier that they achieved new progress in talks aimed at ending a tariff standoff over Beijing's industrial and

A conclusion to the dispute, which has shaken financial markets, remains uncertain.

Two issues at the center of China-US trade frictions forced and intellectual property were raised by the Japanese delegation Sunday, said

Osuga told reporters at an evening briefing that the Chinese side noted that Chinese Huawei's activities in have been affected by certain policies.

To this, Kono responded that Japan has never taken any measure with the objective of excluding any company or product, Osuga said.

Several have expressed concerns over Huawei, which the US has accused of being controlled by China's ruling and thus obliged to spy on its behalf.

maintains that it would say no to requests from the for confidential information about foreign users of its technology.

Japan's cybersecurity agency says suppliers deemed high-risk, including Huawei, will be excluded from government purchases.

Meanwhile, Japan's exports have suffered as a result of slowing Chinese growth.

China is Japan's largest trading partner, and Japanese companies from carmakers to department stores play a major role in the Chinese economy.

has also imposed tariffs on imported and aluminum from Japan, and threatened automobile tariffs that would leave Japan among the hardest-hit.

Kono said Sunday that Chinese will likely visit Japan this year.

Japanese Shinzo Abe's visit to China last fall was the first formal visit to by a Japanese in nearly seven years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, April 14 2019. 20:15 IST