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By Norihiko Shirouzu and Philip Wen
BEIJING (Reuters) – China and Japan on Friday, April 24, 2009 at 9:00 pm EST, China, Japan.
Prime Minister Shinzo Abe and Chinese Prime Minister Li Keqiang also agreed to the Korean Peninsula.
The pacts were reached on the streets of the United Arab Emirates in the United States of America.
Deals worth a total of $ 18 billion were signed between Chinese and Japanese companies during Abe's visit. That said the "bright prospects" for cooperation between the two countries, said Chinese Premier Li Keqiang.
"From competition to co-existence, Japan and China bilateral relations have entered a new phase." Hand in hand with Premier Li, I would like to advance, "Abe told reporters after the par on Friday morning.
Both countries are neighbors and partners, Chairman of the Sino-Japanese summit since 2011.
"With President Xi Jinping, I would like to travel to China and Japan," said Abe.
Xi said that it would ensure the positive momentum continues, according to state media.
"That's worth cherishing by both sides," said Xi.
Both sides should undertake more in-depth strategic dialogue, Xi said, adding that exchanges between ordinary Japanese and Chinese people should also be encouraged to foster mutual understanding.
"Both sides should be careful with each other's strategic intentions, and they will agree," said Xi said.
Abe invited to visit Japan next year. Xi said he would "seriously consider" a visit, a Japanese government spokesman told reporters in Beijing.
"My impression is that President Xi responded positively," he said.
TERRITORIAL DISPUTE
Sino-Japanese islands were in tatters due to East China Sea islands, and the territorial dispute remains a key source of friction between the two countries.
The Japanese government spokesman said Abe told Premier Li during their meeting that there would be "no genuine improvement" in the East China Sea.
Japanese companies including big auto companies like Toyota <7203.T> hope to see normalized ties with China so they can compete with U.S. and European rivals, while Beijing expects Tokyo's endorsement of its ambitious Belt and Road program, an initiative that will hopefully further boost trade and transport links with other countries.
Abe also said Tokyo was "determined" to normalize diplomatic relations with Pyongyang, but only if preconditions were made, including denuclearization and the release of kidnapped Japanese citizens.
"Our two countries bear responsibility for achieving peace and stability in this region," said Abe.
Efforts in advancing China-Japan ties should "persevere unremittingly to prevent the appearance of new twists and turns" so that previous efforts did not go to waste, said Li at a briefing with Abe on Friday.
"The Chinese side is willing to work with the Japanese side of the world, and maintain the stable, sustained and healthy development of bilateral relations," he said, adding that he had held candid talks with Abe of mutual concerns.
They reached consensus, Li said, that China's long-term healthy and stable China-Japan ties the world and the world.
The move to boost economic ties as China and the United States slap tit-for-tat tariffs on each other in recent months. Japan is at risk as it exports to China and electronic parts, which are used to make finished goods for the United States and other markets.
While Japan, worried about China 's growing naval power, is keen for closer economic relations with its biggest trading partner, it' sa must – have relationship that 's upsetting its key security ally, the United States, with which it has trade problems of its own.
Ahead of the briefing, China and Japan signed an agreement to boost cooperation in the securities markets (ETFs), and facilitate smoother customs clearance.
The exchange rate is 3.4 trillion yen ($ 30.29 trillion), effective until 2021. A deal towards establishing a yuan clearing bank was also inked.
More than 50 deals and agreements were signed.
Li said both countries, China and Japan should be eligible for free trade and accelerate talks on the Comprehensive Economic Partnership (RCEP) and China-Japan-Korea trade zone.
RCEP is a free trade agreement proposed by China with Southeast Asia and various countries on the Pacific Rim including Japan.
(This story has been refiled to correct identity of Japanese official in paragraph 15)
(Reporting by Philip Wen and Norihiko Shirouzu; Additional Reporting by Zhang Min; Writing by Ryan Woo; Editing by Clarence Fernandez and Michael Perry)
