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According to Wang, China has operated more than 40 cooperation projects since the founding of the ARF. The projects operated by China each year accounted for one third of the total sum of the ARF projects, which is ranked the top among all ARF members.

Fukuda said that Japan and China, as the third and second largest economy in the world, respectively, play significant roles in the world. Promoting bilateral ties is not only in the interests of the two countries, but also the common expectation of regional countries.

With the economy on fire and a long tradition of entrepreneurship, local magnates are taking the fight around the globe. Automaker Geely became a global name in 2010 when it bought the ailing Swedish brand Volvo from Ford for 1.8 billion dollars. Today China's listed companies are targeting acquisitions in automobiles, electronics, chemicals and bio-medicine in Europe and North America. From 2012 to 2014, Chinese enterprises made 29 such acquisitions, 10 of which originated in Zhejiang.

Another 20 were injured and of them, two were in critical conditions.

This is the first official visit of Trudeau since taking office in November 2015. His father, former Canadian Prime Minister Pierre Trudeau, was the first Canadian prime minister to visit China after the establishment of diplomatic relations.