[top 10] China-Korea relations warm up with Xi visit

Home > Business > Industry

print dictionary print

[top 10] China-Korea relations warm up with Xi visit

President Xi Jinping embarked on a state visit to South Korea on July 3 - the first time for a Chinese leader to come to Seoul ahead of Pyongyang.

The fruitful two-day trip resulted in relations between the countries being upgraded on several fronts. A two-hour summit between the leaders produced a joint communique that set a direction for Seoul-Beijing relations in politics, security, future cooperation and exchanges in cultural and human resources.

Politically, the largest achievement of the summit was that the two leaders expressed clear opposition to nuclear weapons on the Korean Peninsula and agreed to explore ways to relaunch the long-stalled six-party talks.

Following the summit, economically significant agreements were inked on stepping up efforts to finalize free-trade agreement negotiations by the end of the year and forming a direct won-yuan trading market.

The countries reached a “substantial agreement” on the most open FTA China has ever signed with another country an FTA on Nov. 10 - two and a half years after negotiations began.




More in Industry

Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Shinsegae Group chair passes down shares to children

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now