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China's Foreign Trade Minister Shi Guangsheng said Thursday China and Japan were involved in talks to solve a simmering trade dispute involving vegetables and cars.
But Shi, who was speaking on the sidelines of a meeting of trade ministers from the 21-member Asia Pacific Economic Cooperation (APEC) forum, said he did not know when the negotiations would yield a resolution.
"We are in talks now," he said. "But since it's ongoing negotiations, I have no idea when there will be a result."
The dispute between Beijing and Tokyo started when Japan decided to place curbs on a number of Chinese items such as spring onions and shiitake mushrooms.
Shi on Thursday dismissed Japanese concerns about cheap Chinese imports flooding its home markets, crowding out domestic producers.
"It's competition on equal terms, and no one can say whose prices are low or high," he said. "The main issue is whether production costs are low or high."
(21dnn.com 06/08/2001)
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