China, Japan resume economic talks after 8-year hiatus

China and Japan have resumed high-level economic talks after a hiatus of nearly eight years in a sign of improving ties in their often-frosty relationship.

The Japan-China High-Level Economic Dialogue was being held Monday in Tokyo for the first time since August 2010.

The Chinese side was led by Foreign Minister Wang Yi, the first visit by a Chinese foreign minister for bilateral talks since 2009.

Asia's two largest economies have reason to cooperate in the face of President Donald Trump's moves to impose tariffs on imports from their countries and his demands that they open their markets more to American exports.

Japanese Prime Minister Shinzo Abe is headed to the United States this week to meet Trump. 

Meanwhile, the BSE benchmark Sensex fell nearly 300 points to crack below the 34,000-mark today amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The 30-share index fell by 293.31 points, or 0.85 per cent to 33,899.34 in opening trade.
The gauge had gained 1,173.88 points in the previous seven sessions.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent.

The NSE Nifty was lower by 84.25 points, or 0.80 per cent, at 10,396.35.

Shares of Infosys fell 3.86 per cent to Rs 1,123.90 less-than-expected FY19 revenue guidance. The stock was the biggest contributor to the losses on Sensex.