While China was angered by the launch, it has also expressed concern at plans by Washington and Seoul to deploy an advanced U.S. missile defense system,
saying it would impact upon China's own security.
"The focus of the nuclear issue on the peninsula is between the United States and North Korea," Chinese Foreign Ministry spokesman Hong Lei told a daily news
briefing.
"We urge the United States and North Korea to sit down and have communications and negotiations, to explore ways to resolve each other's
reasonable concerns and finally reach the goal we all want reached."
North Korea launched a long-range rocket on Feb. 7 carrying what it called a satellite Wholesale Michael Beasley Jersey , drawing renewed international condemnation just weeks after it carried out a nuclear bomb test.
It said the launch was for peaceful purposes, but Seoul and Washington have said it violated United Nations Security Council resolutions because it used
ballistic missile technology.
North Korea's nuclear bomb test last month was also banned by a U.N. resolution.
Numerous efforts to restart multilateral talks have failed since negotiations collapsed following the last round in 2008.
In an editorial on Monday, the official English-language China Daily called for new U.N. sanctions to "truly bite".
"The threat of a nuclear-armed DPRK is more real than ever," it said, using the North's formal name Wholesale Ramon Sessions Jersey , the Democratic People's Republic of Korea.
Hong repeated that North Korea would have to "pay a price" for its behavior.
Tension persists on the Korean peninsula.
Last Wednesday, South Korea suspended operations at the Kaesong industrial zone just inside North Korea, as punishment for the rocket launch and nuclear
test.
The North on Thursday called the action "a declaration of war" and expelled the South's workers. Kaesong, which had operated for more than a decade, was the
last venue for regular interaction between the divided Koreas.
Asked about the zone's shutdown Wholesale Joakim Noah Jersey , Chinese spokesman Hong said the peninsula was in a "complex and sensitive" phase.
"We hope all sides can take steps to ameliorate the tense situation," he said.
SHANGHAITOKYO: Chinese regulators are turning to Japan for lessons on economic history, determined to keep the world's second biggest economy from
taking the same path of recession and deflation that has blighted its neighbour
for the past 20 years.
Beijing views Tokyo's handling of the liberalisation of capital flows and the yen over 30 years ago as key factors that led to the creation and subsequent
bust of the asset bubble in Japan in the early 1990s, according to Japanese
government and other sources who are in direct contact with Chinese regulators.
"They aren't interested in Japan's successes. Their biggest interest is in Japan's mistakes," one China-based source who is directly in touch with Chinese
regulators told Reuters on condition of anonymity. "Japanese and Chinese
economies do share many similarities Wholesale Frank Ntilikina Jersey , so I assume there is quite a lot to learn from our experiences."
Chinese policymakers and analysts at government think-tanks are already well versed in the experiences of Japan and other countries, and the sources say
two-way communication at both government and private-sector level continued even
through a chill in diplomatic ties after a territorial spat in 2012.
But as economic growth slows and signs of deflation emerge, China's interest in Japan has increased notably around policy details, according to the sources.
At an annual parliamentary meeting that began on Thursday, China announced an economic growth target of around 7 per cent for this year Wholesale Courtney Lee Jersey , down from 7.4 per cent in 2014, already the slowest in 24 years.
LOST DECADES
China is carrying out three key financial reforms Japan undertook over the past decades - liberalising interest rates, internationalising its currency and
opening up its capital account. These reforms should help develop the economy,
but missteps could have huge repercussions.
Chinese policymakers see the 1985 Plaza Accord between Japan and the Western powers, which effectively approved a stronger yen and the opening up of the
capital account during the 1980s and 1990s Wholesale Charles Oakley Jersey , as pivotal events for Tokyo which ultimately led to Japan's "lost two decades", sources say.
The surge in the yen that followed the agreement hit the country's main exports; Japanese auto makers, for example, started shifting more production
overseas. This started to hamper economic growth and prompted the Bank of Japan
to ease monetary policy.
However, much of the cash from the easing Wholesale Bernard King Jersey , along with hot foreign money that followed the liberalisation of the capital account, flowed into stocks, property and other
assets, often magnified through leveraging.
"China is already applying lessons from Japan's experience. Even when growth is slowing, Chinese policymakers aren't taking policy measures that could
heighten financial imbalances. That's very wise of them Wholesale Allan Houston Jersey ," Bank of Japan board member Takahide Kiuchi told a news conference in Maebashi, north of Tokyo, on Thursday.
He said that even when asset bubbles were forming, Japan was not able to tighten monetary policy because of the impacts it would have on the United
States, its biggest partner.
"One of the lessons from Japan's experience is that achieving domestic economic stability should be the top priority for policymakers (rather than
international considerations) Wholesale Willis Reed Jersey ," Kiuchi added.
DEBT RISK
China has other challenges that echo Japan's past. Its property market has cooled since the government tightened policy to prevent overheating and due to
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