Beijing, Tokyo agree to boost economic, trade ties

Beijing and Tokyo secured 20 key points of consensus on Saturday, making a significant breakthrough in bilateral relations, which analysts said will further strengthen their commitment to cultivating stable, constructive economic and trade ties aligned with the demands of the new era.

The points of consensus were reached during the sixth China-Japan High-Level Economic Dialogue — the first in six years — which was co-chaired by Foreign Minister Wang Yi and Japanese Foreign Minister Takeshi Iwaya and attended by officials from government departments of both countries.

The key points of consensus include promoting the silver economy, expanding collaboration in third-party markets, strengthening supply chain cooperation, and expediting negotiations for a China-Japan-Republic of Korea free trade agreement.