"Blue Book of Japanese Economy: Research Report on Japanese Economy and Sino-Japanese Economic and Trade Relations (2022)" released in Beijing

People's Daily Online, Beijing, November 22 (Reporter Jia Wenting) On November 22, 2022, the Institute of Japanese Studies of the Chinese Academy of Social Sciences and Social Sciences Literature Publishing House jointly published the "Blue Book of Japanese Economy: Research Report on Japanese Economy and Sino-Japanese Economic and Trade Relations (2022 )". This book reviews and looks forward to the operation of Japan's macro economy in 2021-2022.

Strengthening Sino-Japanese economic and trade cooperation is of great significance to the economies of the two countries

The blue book pointed out that Japan's most important task at present is to control the epidemic and restore the economy. Expanding exports is a breakthrough for Japan to achieve economic recovery. China is Japan's largest trading partner and an important investment partner. Strengthening China-Japan economic and trade cooperation is of special significance to Japan's promotion of economic recovery, and it is also of great significance to the high-quality development of China's economy.

While the global epidemic situation is still severe, the influence of unilateralism and trade protectionism still exists, and the uncertainty of the world economy remains, but the stable development of China's economy is certain. In 2020, under the background of the huge pressure of the new crown pneumonia epidemic on the global economy, China's economy will achieve a positive growth rate of 2.3%. China is the only country in the world's major economies that has achieved positive growth. In 2021, China's economic growth rate will reach 8.1%. , leading the world's major economies and emerging market countries. In terms of bilateral trade between China and Japan, China will once again become Japan's largest export market in 2020. Japan's exports to China account for more than 20% of Japan's total exports. This trend will continue in 2021. Japan's imports from China It accounts for nearly 25% of Japan's total imports. At the same time, under the impact of the epidemic, the importance of regional supply chains has become more prominent. The signing and entry into force of RCEP has opened up a broader space for Sino-Japanese economic and trade cooperation. Under the RCEP framework, China and Japan established a bilateral free trade relationship for the first time, which is conducive to promoting the deep integration of the supply chain between China and Japan and jointly maintaining the stability of the regional supply chain.

China and Japan still have great potential for cooperation in the field of scientific and technological innovation

The blue book pointed out that in the field of scientific and technological innovation, China and Japan have mutual advantages and strong complementarities, and there is still great potential for cooperation. Especially in the fields of 5G, AI, blockchain, big data, intelligent robots, and new energy vehicles, China and Japan should work together to give full play to the advantages of the two countries in the transformation of new technologies, and transform new technologies into New products promote the economic development of the two countries.

In the Sino-Japanese scientific and technological innovation cooperation, the cooperation potential in the field of digital trade is huge. In recent years, countries around the world are using new technologies such as big data, the Internet of Things, and AI to drive industrial upgrading and cross-border integration. Japan has a strong technical reserve and rich knowledge in IT technology, especially hardware such as semiconductor manufacturing equipment and electronic components. In view of this, China and Japan have broad prospects for cooperation in innovative fields such as digital economy and e-commerce. The two sides should seize the opportunity and strive to promote China-Japan digital economy cooperation to achieve a new leap forward and further release the dividends of digital economy development.

The entry into force of RCEP will strengthen the supply chain cooperation between China and Japan

The blue book pointed out that from a macro perspective, China and Japan are deeply interdependent in the supply chain. The entry into force of RCEP will strengthen Sino-Japanese supply chain cooperation and achieve more trade creation and investment creation.

In addition, the investment rules in RCEP will also have a strengthening effect on the supply chain between China and Japan. Mutual investment between the two parties will achieve a win-win situation. The investment chapter of RCEP stipulates that all countries adopt the negative list method and make a relatively high level of open commitment to investment in the manufacturing, agriculture, forestry, fishery, and mining industries. This will promote foreign investment activities between China and Japan, and strengthen China-Japan cooperation. The resilience of the supply chain accelerates the integration of the supply chains of China and Japan.

(Editors in charge: Jia Wenting, Chang Hong)

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