INTRODUCTION: A ministerial delegation from China arrived in Tokyo on Monday (14 December)for discussions with the Japanese government.
SV Chinese delegation entering room, greeted by Japanese officials.
SV Chinese and Japanese flags in conference room PULL OUT TO GV delegates seated.
SV Japanese Foreign Minister, Yoshio Sakurauchi, speaking in Japanese.
SV Chinese Vice-Premier Gu Mu and Foreign Minister Huang Hua listening.
CU Gu Mu making opening address.
GVs Delegates listening. (2 SHOTS)
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Background: INTRODUCTION: A ministerial delegation from China arrived in Tokyo on Monday (14 December)for discussions with the Japanese government. The main purpose of their visit was to sign a 300 billion yen (1.34 billion dollar loan package. The loan is to help finance Chinese industrial projects.
SYNOPSIS: The Chinese delegation was headed by Vice-Premier Gu Mu and Foreign Minister Huang Hua. They were greeted in the conference hall by the Japanese Foreign Minister Yoshio Sakurauchi and other Japanese government ministers. Earlier, the Chinese Foreign Trade Minister, Mr. Zheng Tuobin, had met with his Japanese counterpart, Mr. Shintaro Abe. Mr. Tuobin complained to Mr. Abe about Japan's non-tariff barriers, although the trade gap between China and Japan is not as big as that of European countries or the United States. The proceedings were opened by Mr. Sakurauchi. It is believed the loan negotiated at these meetings will enable China to complete some major construction projects suspended last year because of budgetary problems.
China is also suffering from lack of foreign exchange - this loan will enable at least two major projects to be completed - Phase One of the Baoshan steel works and a petrochemical complex. China has also been taking delivery of Japanese machinery. There has been criticism of over-spending in the Capital Construction Programme in China, and several of their projects have been abandoned. Those involving foreign co-operation are being re-assessed in the current economic climate. Since these meetings, it has been reported that Mr. Gu has been replaced as Minister in Charge of China's Capital Construction Commission by Han Guang, a vice-Minister in the Commission.