China and Japan look to do more business and strengthen ties with one another as the 13th Consultation on Sino-Japanese Economic Partnership at Vice-Ministerial Level Meeting was held in Beijing Wednesday, chaired by Chinese Vice Commerce Minister, Qian Keming, and Japanese Senior Deputy Foreign Minister, Kazuyuki Yamazaki.

The Vice-Ministerial Level Meeting saw the two sides exchange views on a wide array of economic issues. They look to enhance the macro-economy of both countries and the world, improve bilateral cooperation in trade and investment, and pursue greater innovation and third-party markets.

China-Japan-South Korea Free Trade Zone, the reform of the World Trade Organization (WTO) and the G20 summit are also discussed by the two delegations comprised of officials from multiple economy-related ministries.

"This is a critical year for the bilateral ties as well as the economic and trade development of the two countries. This consultation aims to implement the two leaders' consensus in the economic and trade fields. Thus, this cooperation can fully play the role of a ballast stone and motivator of bilateral ties,” Qian said at the meeting.

Yamazaki agreed on the importance of this meeting.

"The two sides have reached agreements on strengthening cooperation in finance, and on a social security agreement at yesterday's meeting. As the countries with the world's second and third largest GDP, the cooperation between China and Japan will not only benefit the two countries, but also the whole world. Today's meeting will serve as an important platform to prepare for the Sino-Japanese Economic High-level Dialogue, and the expected visit by Chinese President Xi Jinping,” Yamazaki commented.