MarketsJapan'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
NORIYUKI DOI, Nikkei staff writer
February 14, 2023 01:50 JST
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.