Japan, China hotline to be switched on

China and Japan agree to set up hotline to prevent military clashes

Chinese Premier Li Keqiang shakes hands with Japan's Prime Minister Shinzo Abe at the start of their bilateral talks at Akasaka Palace state guest house in Tokyo, Japan May 9, 2018.

North Korean leader Kim Jong Un met Mr Moon on April 27 and Chinese President Xi Jinping earlier this week, in a surprise visit to the Chinese coastal city of Dalian.

During the meeting, the attendees agreed to cooperate on accelerating free trade among the three nations through trilateral trade deals and the Regional Comprehensive Economic Partnership, according to the Korea Chamber of Commerce & Industry. His moves have raised fears of a trade war between the United States and China. He also urged the counterparts not to miss the current opportunity to improve trilateral ties and speed up the process of coming to an agreement to establish a free trade zone.

"The volume of trade in the China-Japan-South Korea zone is 23 percent of the global trade turnover, while in the European Union and NAFTA the figure stands at 21 percent and 27 percent, respectively".

Chinese Premier Li Keqiang also attended the three-way summit, which was last held in Seoul in 2015.

Moon and Li, in Tokyo for a trilateral summit with Japan's Prime Minister Shinzo Abe, also agreed that South Korea and China could begin joint research to assess possible railway projects to connect the two countries, via North Korea, Yoon said.

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In comments aimed at a domestic audience, Abe said Japan would normalize ties with North Korea if the issue of Japanese abducted by Pyongyang to train spies, a key plank of his political platform, was comprehensively resolved.

Japan's leader was to hold talks separately with Mr Moon and Mr Li later.

Mr Moon is to leave Japan after half a day.

"I want to raise Japan-China relations to a new level", Abe said, adding that he also planned to visit Beijing later this year.

Li will meet Japanese Emperor Akihito on Thursday before flying to the northern island of Hokkaido, where he will join a conference with local political leaders. As far as foreign exchange reserves are concerned, the share of China, Japan and South Korea is about 48 percent.

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