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Delegation addresses China's steel overproduction www.nhk.or.jp
A major Japanese business delegation is in China for talks with senior government officials. The delegates are calling on China to tackle the issue of overcapacity in its steel industry.
About 200 members of the Japan-China Economic Association are sitting down in Beijing with Vice Premier Zhang Gaoli and other officials.
The visitors include Sadayuki Sakakibara, the chairman of Keidanren, the Japan Business Federation.
They said overproduced steel products in China are exported at low prices, hurting steelmakers around the globe.
Zhang said he intends to promote reforms to resolve the issue of factories with excess capacity.
He said China wants to learn from Japan's experience in tacking such problems through industrial realignment.
The delegates also met with senior officials of China's Commerce Ministry.
The Japanese side said China needs to step up efforts to protect intellectual property rights in order to attract more private investment.
They called for a crackdown on the sale of counterfeit Japanese products.
The Chinese officials promised to do more to deal with the problem.
Published Date:2016-09-23
