BUSINESS Japanese companies, experts acclaim achievements of China's import expo

BUSINESS

Japanese companies, experts acclaim achievements of China's import expo

Xinhua

14:19, November 12, 2018

TOKYO, Nov. 11 (Xinhua) -- Experts in Japan acclaimed the achievements of the China International Import Expo (CIIE) and expressed hopes that the expo would further boost economic cooperation between China and Japan and bring benefits to both countries as well as the world.

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Photo: Xinhua

The first CIIE concluded on Saturday in Shanghai with sizable deals reached.

"This year marks the 100th anniversary of Panasonic's founding as well as the 40th anniversary of the signing of the China-Japan Treaty of Peace and Friendship. Panasonic felt honored to participate in the first CIIE," Zhang Ting, a spokeswoman of Panasonic's Chinese branch, told Xinhua.

During the expo, Panasonic exhibited its products and technology with the theme of "A Better Life, A Better World."

"The expo provided a platform for us to communicate with our cooperative partners ... We showcased not only our products and technology, but also our commitment to make more contributions to the Chinese society and conducting win-win cooperation with more Chinese companies," Zhang said.

"China has the largest population in the world and is also the world's second largest economy and second largest importer. While China expands its opening-up, Panasonic will continue to integrate itself into the development of China and make unremitting efforts toward its goal of 'A Better Life, A Better World'," she said.

A total of some 450 Japanese companies took part in the expo.

"China's promotion of free trade is good news for Japanese companies suffering from the shrinking domestic market due to the declining birth rate and aging population," said Goro Takahashi, professor at Aichi University.

Takahashi said Japanese companies are hoping to boost cooperation with China particularly in areas such as advanced medical equipment, hydrogen cars, organic foods and low-cost logistics technology, company consultation.

His view was shared by Juro Nakagawa, professor at Nagoya City University. "Japan is experienced in addressing the problems and needs created by population aging, and Japan's experiences could provide inspiration and reference for China," he said.

He added that the two countries could boost trade and cooperation in the areas of health care and medical equipment as well as in food and some other areas, which would benefit both sides.

Experts here also agreed that China's commitment to further opening-up, as shown by the CIIE, would have a major positive impact on the world economy.

"At a time when trade protectionism is prevalent and economic globalization suffers frustration, China's further opening-up of its market will boost the world's confidence in free trade and provide the world with an opportunity to share the fruits of China's development," said Jin Jianmin, a senior fellow at Fujitsu Research Institute in Tokyo.

"The expo has also provided a platform for global companies and industries to communicate with each other and discuss win-win cooperation," he said.

"China is a major trader in the world. China increasing its imports would benefit not only Japan, but also other Asian countries as well as the world," said Nakagawa.

"In particular, that policy will stimulate the investment and trade of the countries along the Belt and Road," said Takahashi.

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