Chinese-Japanese economic and trade relations is an important element in China's foreign economic and trade relations. In recent years, thanks to concerted efforts of the people and government of both countries, we have made remarkable achievements in all the fields of economic and trade cooperation. Japan has become the largest trading partner of China while China has become the second largest trading partner of Japan. Besides, Japan, the largest donor of government loans, is also a major source of foreign investment to China. The situation will get even worse if no effective measures are taken by both countries to reverse the trend.
Japan is both and economic powerhouse and a financial giant.
China and Japan share common interest and responsibility in maintaining financial stability in Asia. Despite the fact that Chinese-Japanese economic and trade relations are still affected by the Asian financial crisis, devaluation of the Japanese yen and some other adverse factors, we believe that we will be able to surmount the current difficulties and bring economic and trade cooperation back to healthy track if both countries work to strengthen cooperation and take effective measures for common interest.