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Asian leaders hope to deepen economic and political ties at Tokyo summit

Chinese Premier Li Keqiang met with the leaders of Japan and South Korea in Tokyo on Wednesday to discuss issues of trade, investment, and regional politics, Reuters reports.

The three countries agreed to maintain economic and diplomatic pressure on North Korea as it carries out its denuclearisation process, whilst also promising to provide aid should it keep all promises.

Japanese Prime Minister Shinzo Abe also welcomed a string of business commitments from China, including a RMB 200 billion ($31.4 billion) investment quota for Japan investors to buy Chinese stocks. Li also talked of intentions to set up a yuan-clearing house in Tokyo.

Li also referenced US President Donald Trump’s recent protectionist rhetoric towards China, saying “we are all beneficiaries of free trade and even though various issues have emerged, these should not stand in the way… Through actual behaviour, let’s show that we three nations support engaging in free trade.”

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