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For his part, Kim said both the DPRK-China friendship and the Korean Peninsula situation have undergone meaningful progress since March this year. "These are the positive outcomes of the historic meeting between me and Comrade General Secretary," he said.

"A market economy is based on credit," Premier Li said. "A fine credit system provides market entities with the information they need for business operations. A blacklist should be established. Access to and sharing of information, which can serve to incentivize or discipline, helps reduce transaction costs and improve the business environment."

Steven Hughes, who has managed wineries in France for 15 years, is impressed that wine has enjoyed strong sales in China. He says that China has brought in mid-range and high-end wine from all over the world and people's acceptance of wine is beyond what he had thought possible.

Pointing out that the China-proposed Belt and Road Initiative is creating new room for trilateral cooperation, Li said the three sides can carry out cooperation within a "China-Japan-South Korea+X" framework.

China's countermeasure is responsive, passive and reciprocal.