TaiShang
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China-Japan-S. Korea investment deal to create "stable, transparent conditions"
An investment agreement between China, Japan and South Korea will take effect on Saturday. It took seven years and 13 rounds of talks to bring the deal to fruition. China’s official news agency Xinhua says the pact will create "stable, favorable and transparent conditions for investment."
The deal comes at a time of tension between the three countries due to territorial tensions, and it could help improve relations.
Analysts say Japan and South Korea, who are among the major foreign investors in China, would benefit the most from the deal.
News video here
An investment agreement between China, Japan and South Korea will take effect on Saturday. It took seven years and 13 rounds of talks to bring the deal to fruition. China’s official news agency Xinhua says the pact will create "stable, favorable and transparent conditions for investment."
The deal comes at a time of tension between the three countries due to territorial tensions, and it could help improve relations.
Analysts say Japan and South Korea, who are among the major foreign investors in China, would benefit the most from the deal.
News video here