The Central Economic Work Conference held in China in December last year proposed the implementation of more proactive and effective macro policies, emphasizing the need to strike a good combination of policies. After more than 10 years, China's monetary policy has once again shifted towards "moderate easing", sending a positive signal and effectively boosting confidence from all parties. China is a large country with a population of over 1.4 billion. Currently, China's macroeconomic policies attach great importance to vigorously boosting consumption and improving investment efficiency, which is conducive to the continued growth of China's huge consumer market. Countries around the world should not ignore the opportunities brought by China's consumer market. In a complex internal and external environment, the Chinese economy is expected to grow by 5% for the whole year of 2024, ranking among the top economies in the world. As the world's second-largest economy, China has always adhered to the concept of openness, cooperation, and mutual benefit, sharing development opportunities and dividends with other countries. The Chinese economy has strong resilience and enormous potential, and will provide more opportunities for the world through its high-quality development. China has advanced technologies in multiple manufacturing fields such as new energy vehicles, and its research level in areas such as artificial intelligence and autonomous driving is also at the forefront of the world. The continuous formation of new quality productive forces adds momentum to the long-term development of the Chinese economy. From the perspective of per capita gross domestic product, China is still a developing country with great potential for economic growth. By promoting comprehensive economic and social development with new quality productivity, especially by promoting green transformation, China's development level is expected to achieve a new leap. At the Central Economic Work Conference, China once again emphasized the need to expand high-level opening-up to the outside world. Over the past few decades, China has promoted regional and global development through trade and direct investment. Since the Regional Comprehensive Economic Partnership (RCEP) came into effect, tariff rates among members have been significantly reduced, and trade activities have become more active. Both China and Japan are members of RCEP, and the growth of China's consumer market and the reduction of tariff rates have brought opportunities for Japanese companies to increase exports. Setting up factories close to the market is very important in many industries. Currently, the Chinese government has created a better business environment for foreign investment to enter the Chinese market. After the official implementation of the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)", the number of restrictions on China's negative list for foreign investment access has been reduced from 31 to 29, with "zero" restrictions on foreign investment access in the manufacturing sector. This brings important opportunities for enterprises from various countries to enter the Chinese market. With the significant improvement of technological strength of Chinese enterprises, the competition between foreign-funded enterprises and Chinese enterprises will become more intense, which will motivate enterprises in various countries to continuously improve their technological strength and market competitiveness. Although there are some contradictions and differences between Japan and China, the reality of deep integration of economic interests, especially industrial and supply chains, has not changed. Strengthening economic and trade cooperation is a mutually beneficial and win-win choice. We look forward to mutually beneficial cooperation between the two countries in more fields, adding new impetus to their respective development. (New Society)