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By Jiang Wei (China Daily)
Updated: 2007-12-03 09:03

China is ready to improve conditions for Japanese firms investing in the country, Vice-Premier Zeng Peiyan has said.

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Speaking at the first China-Japan high-level economic dialogue on Saturday, Zeng said: "China and Japan share expanding mutual interests and new opportunities for cooperation under new historical conditions. We should create a new pattern of economic and trade cooperation, with emphasis both on commodities and services."

The meeting was co-chaired by Zeng and Japanese Foreign Minister Masahiko Komura. Premier Wen Jiabao and then Japanese Prime minister Shinzo Abe launched the China-Japan high-level economic dialogue in April.

Zeng said a slowdown in the growth rate of bilateral trade, unsatisfactory business environment, obstacles in technological cooperation and fluctuation in Japanese investment in China were the four main problems in Sino-Japanese economic ties.

China hopes Japan considers its concerns on its market economy status, trade conditions, export of high and new technologies and exchange of personnel, he said.

The vice-premier called for improved technological exchanges in energy-saving and environmental protection and working more closely on global and regional economic issues.

The dialogue is very important for building strategic ties at the economic level, said Komura, who is leading the Japanese delegation. "The practical talks will certainly be successful."

He, too, urged both sides to deepen cooperation in environmental protection, energy-saving and other fields.

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