“It’s inevitable there will be differences of opinion and friction,” Li told executives at a reception marking the 40th anniversary of a friendship treaty with Japan. Threatened by looming trade sanctions from Washington, China is seeking support from other nations to counter US pressure. Meanwhile, Japan and China signed a memorandum on a maritime communication mechanism aimed at avoiding unintended clashes at sea. Even as Xi and Li mend fences with Japan and India, they’ve seen tensions rise with Australia over its efforts to limit perceived Chinese political meddling. “Both China and Indonesia believe in globalization and free trade,” Li told more than 600 business people at a China-Indonesia business summit earlier in the week, according to the official Xinhua News Agency.

Source: Mint May 14, 2018 03:22 UTC