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The cuts are important for trade liberalization, according to Li Xuhong, a researcher with Beijing National Accounting Institute.

On expanding investment and industrial capacity cooperation, each of the three countries has its advantages, and prospects for their cooperation are broad, Li told the business summit.

During his stay in Japan, Li will hold talks with Abe and meet with Japan's Emperor Akihito. He will also meet with leaders of the Diet as well as heads of the ruling and opposition parties.

They also welcomed the conclusion of negotiations on the draft agreement to prevent unregulated fishing in the Central Arctic Ocean and pledged to follow up the agreement.

The moves have not only undermined China's security and stability but made provocation against China's sovereignty, he said, adding they also constitute the source of militarization in the South China Sea.