South Korean President Moon Jae-in (R) and Chinese Premier Li Keqiang shake hands before the start of their bilateral talks in Tokyo on May 9, 2018.
During his visit, Li will attend the 7th China-Japan-South Korea (ROK) Leaders' Meeting on Wednesday afternoon and meet Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in, according to a press release published by Beijing's central government.
"Xi was originally sanguine about getting along with Trump, but the recent tariff move, which came as a surprise for him, awakened him to the reality that China has to fight America after all, and that it has to fix ties with Japan and embrace it under its wing", said Noriyuki Kawamura, a professor of Sino-Japanese relations at the Nagoya University of Foreign Studies.
Abe and Moon agreed that his visit to Japan, the first in seven years by a South Korean president, symbolized the resumption of shuttle diplomacy between Tokyo and Seoul.
China, Japan and South Korea injected fresh confidence into global growth on Wednesday by reaffirming their commitment to economic globalization as well as trade and investment liberalization.
The three leaders also agreed to work together to increase the number of personnel exchanges among the three nations to 30 million by 2020 and to hold trilateral summits regularly.
"China and Japan share the common goal of settling crises in the East China Sea".
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Leaders of the three Asian powers, whose ties have been strained by territorial and historical disputes, also touched on economics in the face of USA trade pressure on China and Japan.
The three countries agreed on promoting regional free trade, another hot-button issue challenging their region in the face of Trump's America-first trade policy.
On expanding investment and industrial capacity cooperation, each of the three countries has its advantages, and prospects for their cooperation are broad, Li told the business summit.
Chinese Premier Li Keqiang was quoted as saying that North Korea has a "clear will toward denuclearization and is doing what the country should do".
For his part, Abe said that the resumption of trilateral cooperation creates new opportunities for the three countries' economic development and mutually beneficial cooperation.
Noting that the Korean Peninsula is taking an important turn for peace, the South Korean president said this will create more business opportunities.