Chinese Premier Li Qiang arrived in Seoul on Sunday to attend the ninth Trilateral Summit Meeting among China, Japan and South Korea from Sunday to Monday. Li had a meeting with South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida on the day of his arrival, with Chinese experts saying the three major economies in East Asia will make pragmatic efforts to make sure the economic development and integration of the region will not be affected by bloc confrontation and geopolitical crises.
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Is China really an enemy of South Korea? If South Korea aligns with the US strategy and pushes China into a hostile position, can South Korea bear the consequences?
Despite the seemingly strengthened US-South Korea alliance, the importance of China-South Korea economic cooperation is still irreplaceable for the South Korean economy.
About half of the South Korean companies in China said their sales and profits are likely to have decreased in 2022 due to reduced local demand, fierce market competition and the ongoing epidemic, according to a survey released by the Korea Institute for Industrial Economic and Trade on Wednesday, South Korean business news portal Business Korea reported.