Abstract: The importance of improving the diplomatic，economic and trade relations between China and Japan is highlighted in the context of increasing geopolitical risks, the strengthening of trade protection in the United States, Chinas promotion of a new pattern of opening up in an allround way, and Japans active promotion of domestic structural reforms. SinoJapanese relations showed signs of improvement in the spring of 2017, and bilateral trade, Japans direct investment in China，and financial cooperation showed a stabilization trend which had been slumping for several years after the Diaoyu Islands incident, and the attitude of Japanese government toward the“One Belt and One Road” initiative has undergone a positive change. The economic and trade relations between China and Japan are facing new development opportunities，and the breadth and depth of their cooperation in the future will be further expanded.

Key words: economic and trade relations, SinoJapanese trade, Japan’s investment in China, China’s investment in Japan, structural reforms