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Japan's MUFG joins with Chinese state firm to fight global warming

Japanese expertise to be tapped as Beijing races to meet 2060 carbon-zero goal

A coal-fired heating complex is seen in Harbin, China. Green investments in China -- the world's largest emitter of carbon dioxide -- are booming as the country pursues carbon neutrality by 2060.   © Reuters

SHANGHAI -- Japanese megabank Mitsubishi UFJ Financial Group has signed a business cooperation agreement with a Chinese state-owned economic development enterprise, in a bid to help Japanese companies tap the booming market for environmentally-friendly investments in China.

Under the agreement with the Green Partnership for Industrial Parks in China, MUFG plans to co-sponsor business meetings and seminars, and support Japanese companies seeking to expand in China and cooperate with Chinese companies.

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