China, Japan and the Republic of Korea (ROK) resumed their trilateral leaders meeting after a four-year suspension, which analysts said sends a positive signal of bringing trilateral cooperation back on the right track and is of great significance to Asia and the world.
Chinese Premier Li Qiang will be attending the 9th trilateral summit meeting between China, Japan and South Korea in Seoul from May 26 to 27, the Chinese Foreign Ministry announced on Thursday. The resumption of the meeting after over four years suspension is
China and Japan have agreed to resume high-level trilateral talks with South Korea at the end of this year, the first time in four years. The trilateral talks, if successfully convened, could at least inject impetus to economic cooperation between Northeast Asia s three biggest economies and pave the way for regional stability, said Chinese observers. Yet for the talks to yield concrete result, leaders from both Japan and South Korea are facing the ordeal of excluding extraterritorial pressure, experts said.
As Japan and South Korea pursue different paths in supply chain cooperation with China, with one drifting toward weaponizing trade, while the other is trying to keep it on a business-to-business basis, Chinese analysts said the different approaches may have an impact on trade and possibly result in South Korea overtaking Japan as China s fourth-largest trading partner, a position Japan has held for years.