(Source: "People's China" 2024-05-25)

On May 24, the Sino-Japanese Economists Dialogue co-sponsored by the Institute of Japan at the Chinese Academy of Social Sciences and the Japan International Forum was held in Tokyo, Japan. Experts and scholars from the economic circles of the two countries discussed and exchanged ideas around the two major themes of "how to view the world economy in the geopolitical era" and "how to deal with common economic and financial issues faced by China and Japan" and reached many consensuses.

Dialogue meeting site

Yang Bojiang, Director of the Institute of Japan, Chinese Academy of Social Sciences, and Watanabe Watanabe, Chairman of the Japan International Forum, first delivered speeches on behalf of the organizers. Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia and former Governor of the People's Bank of China, and Suzuki Shinsuke, member of the Japanese House of Representatives, former Vice Minister of Foreign Affairs, and former Deputy Minister of Finance, delivered keynote speeches.

Zhou Xiaochuan delivers a keynote speech

Zhou Xiaochuan emphasized that China and Japan have huge w88 volume and active mutual investment. Factors such as geopolitics and w88 protectionism are difficult to shake the foundation of economic and w88 cooperation between the two countries. The two countries have great room for cooperation in green transformation, especially in the field of energy transformation. They can accelerate the development of non-fossil energy and jointly explore third-party markets.

Xinyu Suzuki delivers a keynote speech

Suzuki Shinsuke said that at a time when the geopolitical crisis is intensifying, strengthening economic and w88 cooperation between Japan and China is of great significance to both countries, and promoting w88 liberalization is in the fundamental interests of both countries. Both sides can share experience, deepen cooperation and seek win-win results around issues such as population aging.

Yang Bojiang’s speech

Yang Bojiang said that the situation in the Asia-Pacific region is severe and complex, and Sino-Japanese relations have not been smooth sailing. However, peaceful coexistence and win-win cooperation have always been the common interests of China and Japan. The economies of China and Japan are highly complementary. We expect economists from the two countries to speak freely and share wisdom on issues such as population aging, green transformation, and regional cooperation in Asia, so as to find new highlights for China-Japan cooperation.

Watanabe Cocoon’s speech

Watanabe Watanabe said that the current world economy is facing many uncertainties. As a responsible economic power, cooperation between Japan and China is crucial to the peace, stability and prosperity of the international community and the region. Today, well-known economists from both countries gather together and look forward to providing suggestions and suggestions for building Japan-China relations and the future of the international community through in-depth discussions.

Revolving around the theme of "How to view the world economy in the geopolitical era", Kimura Fukushima, honorary professor of Keio University and director of the Institute of Asian Economic Research, Liu Qiao, director of the Guanghua w88 casino of Management of Peking University, Tu Xinquan, director of the China WTO Research Institute of the w88 casino, and Mariko Watanabe, professor of Gakushuin University, held a discussion.

Kimura Fukusei, Liu Qiao, Tu Xinquan, Watanabe Mariko

Kimura Fukugei said that due to the negative influence of the United States, the functions of the World w88 Organization (WTO) have been weakened. The WTO is of great significance to maintaining the free w88 system. Japan and China should join hands to actively promote the WTO dispute settlement mechanism to resume normal operation.

Liu Qiao believes that after the high-speed growth stage is over, it will be difficult to maintain total factor productivity growth. Currently, the whole world is facing the challenge of insufficient growth. The growth of total factor productivity is closely related to the investment rate. Countries need to strengthen cooperation and increase investment.

Tu Xinquan said that the new energy industry is crucial to the global green transformation. The development of China's new energy industry has contributed to global economic growth. He hopes that all countries will have a more objective and comprehensive understanding of China's new energy industry-related policies and jointly make the new energy "cake" bigger.

Mariko Watanabe believes that countries have the right to adopt corresponding industrial policies based on their national conditions, but they need to discuss and negotiate risks under a unified system of rules, and calls on all parties to return to the WTO framework.

Focusing on the theme of "How China and Japan should deal with common economic and financial problems", Tomoro Marukawa, a professor at the University of Tokyo, Chen Weidong, director of the Bank of China Research Institute, Hisako Okazaki, director of the Canon Global Strategy Research Institute, and Zhang Yulai, deputy director of the Japan Research Institute of Nankai University, shared their views.

Marukawa Tomohiro, Chen Weidong, Okazaki Kushiko, Zhang Yulai

Tomo Marukawa said that there is a theory in Japan that China is about to enter the "lost 30 years", but from the perspectives of industrial structure, urbanization level, etc., China's economy still has the conditions to maintain stable growth for a long time, and China's urbanization development potential is still great.

Chen Weidong said that Japan, as a developed country, has accumulated experience in dealing with population aging and real estate bubbles that China can learn from. The two countries can learn from each other in aspects such as elderly care, new energy vehicles, and new energy development and utilization, and there is broad space for cooperation.

Okazaki Kumiko said that both Japan and China are important economies with abundant foreign exchange reserves. They have successful cooperation in financial markets and jointly cultivating bond markets. They look forward to the two countries further joining hands in formulating rules and improving the investment environment to lead the development of Asia.

Zhang Yulai believes that the current globalization process has encountered setbacks, but regionalization has a trend of further strengthening. As a region with strong economic vitality, East Asia needs to establish regional organizations. This is also a major direction of Japan-China cooperation.

After the discussion session, Cheng Yonghua, former Chinese Ambassador to Japan, and Masahiro Kawai, honorary professor of the University of Tokyo, made concluding remarks respectively.

Cheng Yonghua made a concluding speech

Cheng Yonghua emphasized that after the reform and opening up, Japan's aid to China has improved China's productivity level to a certain extent and expanded the Chinese market. Japanese companies have also gained tangible benefits from China's development process. The production and supply chains of the two countries have been deeply integrated and inseparable. China has frequently adopted policies and measures to further open up, and the prospects for economic and w88 cooperation between the two countries remain bright.

Masahiro Kawai made a concluding speech

Masahiro Kawai said that China’s exports of new energy vehicles and photovoltaic products are in good shape, demonstrating the resilience of China’s domestic economy and the dependence of various countries on China’s exports. China's economy is facing some challenges, and we hope that Japan's experience can provide a reference for China.

More than 50 representatives from the economic, academic and media circles of the two countries participated in this dialogue.

Attached original text link:https://mp.weixin.qq.com/s/XnvbVwUygzZ9LxkonwxwiA