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Seventeen years after joining the World Trade Organization (WTO), China has comprehensively fulfilled its commitments to the WTO, substantially opened its market to the world, and delivered mutually beneficial and win-win outcomes.

This year marks the 40th anniversary of the signing of China-Japan Treaty of Peace and Friendship. Li said both sides should follow the four political documents signed between the two countries and implement their consensus to promote bilateral ties along the right track.

While relying mainly on its own government and population, a people-centered approach also requires cooperation with other countries, multilateralism and an adherence to international norms, Yu said.

"Definitely we could expect more investments from China, more entrepreneurs both public and private coming to invest because for any foreign investor a peaceful environment, a consistent policy and a stable government are so very important," he said.

At a news briefing following the meeting, Li said the three ministers agreed to fully implement the spirit and initiatives of the leaders' meeting of the three countries and pursue more practical cooperation.