China, Japan, South Korea Ease Path for Youth Entrepreneurship

Updated: 2019-07-12

The China-Japan-ROK Youth Innovation and Entrepreneurship Forum, themed on "Inclusiveness and Connectivity for a Better Future", was held from June 24 to 26. Yantai, a port city of East China's Shandong province, brought together China-Japan-ROK representatives from government bodies and business communities, along with young entrepreneurs and media workers, to share their thinking and seek common development.

The forum was co-hosted by the All-China Youth Federation (ACYF), the China Chamber of International Commerce (CCOIC) and the Trilateral Cooperation Secretariat (TCS), and was prepared by the China International Youth Exchange Center (CIYEC), the Shandong Youth Federation, the Yantai Municipal People's Government and the CCOIC China-Japan-ROK Enterprise Exchange Center.

Li Keyong, Secretary of the Secretariat of the Central Committee of the Communist Youth League of China (CYLC), and TCS Deputy Secretary-General Yamamoto Yasushi attended the event.

Chamber leaders of South Korea and Japan noted that the three countries are important partners and the youth should enhance mutual understanding and achieve common development. They also called for deepened trilateral exchanges to accelerate their industrial integration and industrial research and development as well as the economic development of Northeast Asia.

The industry-university-research representatives of China, Japan and the ROK delivered keynote speeches on trilateral cooperation. Youth representatives read out an initiative for the trilateral youth innovation and entrepreneurship during the forum. Eight agreements on practical cooperation were also signed at the event, bringing the intended volume up to 2.7 billion yuan (US $415 million).

Young people from China, Japan and the ROK were organized to visit local and foreign enterprises in Yantai after the forum.

The event was designed as a platform where China-Japan-ROK young entrepreneurs can pool their wisdom into win-win cooperation and further strengthen their practical cooperation so as to contribute to the integrated economic development of the three countries and even Asia as a whole.