China, South Korea and Japan all have large population, all suffer from resources shortage, but all have been seeking relatively rapid economic growth.
China's major trading partners are the United States, the euro land, Japan, Korea, etc., and naturally, U.S. dollar, euro, Japanese yen and Korean won become major currencies of the basket.
China is playing the role of mediator. Its hosting of the six-party talks forces the United States and the Democratic People's Republic of Korea (DPRK) to sit at the negotiating table and work toward a peaceful solution.
China is at a point in growth where South Korea was in maybe the mid-to-late 1960s. It took Korea another couple of decades before it got to a situation where it was a much more consumer-reliant economy.
China hopes all sides will deepen their discussions based on previously reached agreements, including to resolve the crisis peacefully through dialogue and reaching the final goal of a nuclear freed Korean Peninsula.
China has always stood firmly in maintaining peace and stability on the Korean peninsula and will actively propel parties concerned to solve the nuclear issue through peaceful dialogue,
China as a major mediator has always been making active and difficult efforts. The progress of the six-party talks is not totally up to Chinese efforts. The key to resolving problems is in the hands of North Korea and the United States.
China and South Korea are close neighbors that have identical or similar views on international and regional affairs and share broad common interests,
Our preference is to go alone, but we're keeping doors open on other options, including a partnership. We understand the Koreans have a lot of pride in their industry, and there's a lot of concern about foreign ownership of a core industry.
Since Chinese firms are 10 times bigger in size than their Korean or Japanese counterparts, they should explore our market by investing here and making best use of our skilled workforce.