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Wihtol said that although downside risks are increasing for China in the short-term, China's sound fiscal position and potential for further monetary expansion "should ensure a soft landing for the economy."

The two sides agreed that they will address their differences and concerns in a constructive manner, the release said.

TOKYO, June 2 (Xinhua) -- The direct trading of the Chinese yuan and Japanese yen that began from June 1 in Tokyo and Shanghai is "definitely a win-win game for both sides," according to a senior economist of the Asian Development Bank Institute.

In northeast China's Liaoning province, at least nine people have died due to typhoon Damrey and another four remained missing as of Monday morning, said the provincial flood control headquarters.

In his speech at the forum, Abdelmouniem Elsuni Ahmed Abdullah, Youth Secretary of NCP from Sudan, hailed the role of the youth in promoting prosperous development.