China, Japan forge historic pact on denuclearization in Korean Peninsula

China, Japan forge historic pact on denuclearization in Korean Peninsula

China and Japan have pledged to forge closer ties as both countries stood together at a historic turning point, signing a broad range of agreements including a 30 billion dollar currency swap pact, amid rising trade tension with Washington.

Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang also agreed the two countries would work together to achieve denuclearization on the Korean Peninsula.

The pacts were reached on Abe’s three-day visit to Beijing.

Chinese Premier Li Keqiang said 500 business deals worth 18 billion dollar has been signed between Chinese and Japanese companies during the visit.

Abe is expected to meet with President Xi Jinping later on Friday in the first full-scale Sino-Japanese summit since 2011.