Abstract

In 2013, the People’s Republic of China announced the Belt and Road (B&R)initiative. The Belt and Road initiative follows the principle of extensive consultation and shared benefits, enhancing the communication of bilateral and multilateral cooperation mechanisms to provide a chance of building the community of common destiny for all mankind. The Belt and Road initiative places China at the center of geopolitics and geoeconomics in Asia and beyond, which hopes to strengthen its economic connectivity and interaction between Asia, Europe, and Africa. Correspondingly, Japan is the beneficiary of economic globalization and the open world economy. Global power shifts, economic uncertainty, and huge domestic pressures have reshaped Japan's stance towards the Belt and Road initiative, shifting from non-co-operation to active participation in China's Belt and Road initiative. As the second and third-largest economies in the world, China and Japan are located in the big family of the Asia-Pacific. Mutually beneficial cooperation is the driving force for the development of China-Japan relations.

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