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China, Japan vow to cooperate

CHINA and Japan yesterday vowed to work together to boost trade relations and promote world economic recovery at a one-day dialogue on the global financial crisis.

"This dialogue enabled in-depth discussions over the economic and financial situation, environmental and energy cooperation, trade and investment cooperation and regional and international economic issues, reaching a lot of important consensus," Wang Qishan, Chinese vice premier, said at a joint press conference in Tokyo.

"In the current context of the grim challenges posed by the ever spreading international financial crisis, it is necessary for China and Japan to vigorously follow through the consensuses of the G20 Summit in Washington DC and London," Wang said. "More effective steps are needed to ensure financial market stability while helping our respective national and global economies to resume growth."

As the world's No. 2 and No. 3 economies, Japan and China underlined their role in global economic and financial cooperation and vowed to fight against protectionism.

"We will work together with the rest of the world for a comprehensive and balanced outcome of the WTO DDA talks as early as possible while opposing trade and investment protectionism," Wang said, referring to the Doha Development Agenda.

Japan's Foreign Minister Hirofumi Nakasone called the dialogue a "meaningful communication."


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