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Kono said that the two countries should maintain friendly traditions and make wise decisions in accordance with long-term interests of the two peoples, adding that Japan should actively respond to China's Belt and Road Initiative, which is beneficial not only to Japan, but also to neighboring countries.
Chansamone Chanyalath reaffirmed that Laos will continue a friendly policy toward China and promote new development of military relations between the countries.
Another reason for China declined to attend the arbitration proceedings is that, in 2002, a Declaration on the Conduct of Parties in the South China Sea was agreed, promoting bilateral negotiation among the disputing nations over sovereignty issues, and calling for the freedom of navigation in the South China Sea for all nations of the world in accordance to UNCLOS.
The central bank said if it repeatedly cuts the reserve requirement ratio, a strong signal of easy monetary policy, market interest rates will drop and depreciation pressure on the yuan will increase.
The authorities should establish regular contact with them, value their interests and guide them to support the Party and the government, he added.
来源：资阳报