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World Expo To Bolster Trade Ties With Japan

China Pavilion expected to be a major platform to boost bilateral exchanges

By ZHU WENQIAN | China Daily | Updated: 2025-04-03

China and Japan will jointly develop World Expo 2025 into a platform for exchanges and friendship between the two peoples, the China Council for the Promotion of International Trade said on Wednesday.

 World Expo 2025, to be held from April 13 to Oct 13 in Osaka, Japan’s third-largest city, has seen all preparatory work basically completed. The China Pavilion, themed “Building a Community of Life for Man and Nature — Future Society of Green Development”, will officially open on April 13, the Beijing-based council said.

 As tensions rise over impending tariff threats from the United States and growing uncertainties in the external environment, China, Japan and South Korea are expected to form closer ties to maintain Asia’s economic stability and create a buffer against unilateralism.

 The three nations announced on Sunday that they have agreed to accelerate negotiations on their trilateral free trade agreement and enhance cooperation in supply chain management and export controls, said China’s Ministry of Commerce.

 Meanwhile, during the sixth China-Japan High-Level Economic Dialogue held in Tokyo in late March — the first such dialogue between the two countries in about six years — China clearly stated that it will support Japan in hosting World Expo 2025 and the expo should be built into a platform for exchanges and friendship between the people of the two countries.

 China and Japan are jointly committed to building a constructive and stable economic and trade relationship that meets the needs of the new era, and the two sides reached such a consensus during the dialogue amid uncertainty brought about by trade protectionism.

 Covering an area of approximately 3,500 square meters, the China Pavilion stands as one of the largest foreign pavilions at this year’s World Expo.

 “We have actively implemented the important consensus reached between the leaders of the two countries and fully integrated elements of Sino-Japanese friendship into the design of the China Pavilion,” said Li Qingshuang, deputy head of the CCPIT and government representative of the China Pavilion.

 “The China Pavilion will become an important platform for China and Japan to strengthen local exchanges and deepen practical cooperation in various sectors, allowing more people from both countries to get closer and making Sino-Japanese relations more heartwarming,” Li said.

 At the pavilion, a set of wooden carvings depicting representative figures, classic scenes and touching moments in the over 2,000 years of history of friendly exchanges between China and Japan indicate that people from all walks of life from the two countries can draw wisdom from the history, tap into common cultural values and continue to seek common ground, the CCPIT said.

 During the expo, Chinese provincial and municipal delegations, enterprises, institutions, media and think tanks will engage in various forms of cultural, tourism and economic exchanges and interactions with the Japanese side. More than 60 pairs of friendly cities are expected to take part in World Expo 2025 as an opportunity to continue deepening their mutually beneficial cooperation, the CCPIT said.

 The China Pavilion highlights the Chinese philosophy that humans must respect nature, follow its way and live in harmony with nature. The exterior design of the pavilion is inspired by bamboo slips and shaped like an unfolded Chinese traditional calligraphy scroll.

 zhuwenqian@chinadaily.com.cn

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By TAN GUOLING | China Daily | Updated: 2025-04-03 China will improve its social credit system to address financing difficulties and high costs for private enterprises through improved sharing of credit information, officials said on Wednesday. “The National Development and Reform Commission is helping to address information asymmetry between financial institutions and enterprises by providing more comprehensive and multidimensional data support to lenders,” Li Chunlin, deputy head of the NDRC, said at a news conference in Beijing. The NDRC will enhance the coverage, accessibility, and efficiency of loan services for micro, small and medium-sized enterprises, strengthen the sharing of government-held business credit information while ensuring data security, Li said. The move comes after China’s central leadership — at a symposium on private enterprises in February — called for addressing the financing difficulties and high costs faced by private enterprises, as the private sector plays a vital role in the nation’s economic development. A national integrated financing credit service platform network has been established, which has achieved institutionalized collection and sharing of 74 key categories of enterprise-related credit information at the national level, including business registration, tax payment, social security and housing provident fund data. This system facilitates authorized access for financial institutions to check and utilize relevant information, according to NDRC. Banking institutions have disbursed loans totaling 37.3 trillion yuan ($5.13 trillion) through the national integrated financing credit service platform as of the end of February, including 9.4 trillion yuan in credit loans, effectively serving the financing needs of micro, small and medium-sized private businesses, Li added. Looking forward, Li said that more efforts will be made to advance the financing credit service platform network, enhancing the quality and efficiency of information sharing, optimizing the platform’s service functions and strengthening data application and product development. The quality of data collection and sharing will be systematically upgraded to guarantee the accuracy of shared information, completeness of data and timeliness of updates, while continuously expanding the scope, he said. “We will enhance the platform’s comprehensive financial service capabilities, providing enterprises with a wider range of financial products while offering credit reports and risk assessments to financial institutions, so as to facilitate online processing for market entities,” Li added. “The National Financial Regulatory Administration will intensify efforts to boost information sharing and guide financial institutions in targeted collaboration, maintaining robust lending to small and micro enterprises while improving loan quality,” said Jiang Ping, an NFRA official. The administration will help to optimize loan portfolio structures and strengthen support for first-time loans, loan renewals and credit loan facilities, aiming to better fulfill the financing needs of credit-worthy small businesses, Jiang said. tanguoling@chinadaily.com.cn
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