China and Japan pledged to forge closer ties as both countries stood together at an historic turning point, signing a broad range of agreements including a 30 billion dollars currency swap pact, amid rising trade tensions with Washington.

The pacts were reached on Japanese Prime Minister Shinzo Abe’s three-day visit to Beijing as the two neighbors looked to carve out new areas of cooperation and seek new ways to promote trust, which has been fragile at times since diplomatic relations resumed in 1972.

Abe said that bilateral relations with China are at an “Historic Turning Point” and that he expects new possibilities in industries such as infrastructure, logistics, healthcare and finance.

He has held “Frank” discussions with Chinese Premier Li Keqiang since arriving in Beijing and is expected to meet with xi later today in the first full-scale Sino-Japanese Summit since 2011.

Earlier, Shinzo Abe attended a welcome ceremony hosted by his Chinese counterpart Li Keqiang in Beijing.

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