October 26, 2018

On the sidelines of the Japan-China summit, the two countries agreed on joint projects to develop infrastructure in various countries.

About 1,400 business and government officials from both countries took part in the economic forum at the Great Hall of the People on Friday.

Prime Minister Shinzo Abe and Chinese Premier Li Keqiang were among them.

The two countries agreed to work together on a total of 52 joint projects.

They include urban development in a special economic zone in eastern Thailand, investment in offshore wind-power generation in Europe, and establishing a new fund with banks and securities firms.

China is aggressively investing in infrastructure for its Belt and Road initiative. Japan aims to strengthen its economic ties with Beijing by promoting projects based on international standards that also benefit third countries.