Tokyo Meeting: Panasonic Corp and Cooperation Expectations

tokyo meeting: Local governments and private entities of the two countries concluded 26 memorandums of cooperation, according to The Japan Times. Expectations are high that Japan and China will tackle global issues, Economy, Trade and Industry Minister Hiroshi Kajiyama said. The Tokyo meeting brought together 800 officials from Japanese and Chinese government bodies, and companies including Panasonic Corp. as well as other organizations. ; Participants discussed technological and other problems that must be resolved to expand the use of electric vehicles, hydrogen utilization as an energy source and the promotion of recycling. Environment Minister Shinjiro Koizumi warned that 90 percent of all beaches around the world will be lost by 2100 if global warming problems are not tackled. Among the participating organizations, Marubeni Corp. and a Chinese chemical maker agreed to start experiments on hydrogen utilization. China will take tax and fiscal measures to boost the development of green industries, Chinese National Development and Reform Commission deputy head Zhang Yong said, stressing eagerness to advance his country's Belt and Road initiative. (news.financializer.com). As reported in the news.