China and Japan have the opportunity to "take charge of the economic field" during a time of worldwide uncertainty, Japan's foreign minister said Sunday, as trade pressures from the United States have prompted both countries to seek alternative markets.
Foreign Minister Taro Kono met with his Chinese counterpart, Wang Yi, in Beijing to discuss youth exchanges and economic relations between the two countries, whose ties "completely recovered" last year, according to Kono.
The act set off violent protests in China and sent Japanese investment and tourism into a nose dive.
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 technology policies.
A conclusion to the dispute, which has shaken financial markets, remains uncertain.
Two issues at the center of China-US trade frictions forced technology transfer and intellectual property were raised by the Japanese delegation Sunday, said Japanese Foreign Ministry spokesman Takeshi Osuga.
To this, Kono responded that Japan has never taken any measure with the objective of excluding any company or product, Osuga said.
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.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)