Call to enhance regional efforts
By Wang Yanlin |
May 26, 2010, Wednesday
|
Print Edition
Print Edition
CHINA and Japan have much in common and can learn from each other to make Asia a driver of the global economy, Heizo Takenaka, an economics and politics professor at Keio University, said in Shanghai yesterday.
He said that although China's gross domestic product is set to surpass that of Japan this year and it will replace the United States as the world's biggest economy ahead of 2020, the country needs to improve the quality of its economic growth.
"We have seen a lot of positive changes to make China's development sustainable," Takenaka said during the Shanghai-Tokyo Global Forum held at the Shanghai World Financial Center.
"But more has to be done. It is important to boost regional cooperation, especially between cities because a city is the basic unit for future development and competition," he said.
Takenaka suggested that Shanghai and Tokyo should collaborate in the financial field as both cities have not fully developed their potential in providing financial services.
His views were echoed by Taichi Sakaiya, chief designer of the Japan Industry Pavilion at the World Expo 2010 Shanghai.
Sakaiya also said the Expo functions as a laboratory to test advanced products, for example electric vehicles, that may generate huge economic value and may have the potential to change people's lifestyle for the better.
He said that although China's gross domestic product is set to surpass that of Japan this year and it will replace the United States as the world's biggest economy ahead of 2020, the country needs to improve the quality of its economic growth.
"We have seen a lot of positive changes to make China's development sustainable," Takenaka said during the Shanghai-Tokyo Global Forum held at the Shanghai World Financial Center.
"But more has to be done. It is important to boost regional cooperation, especially between cities because a city is the basic unit for future development and competition," he said.
Takenaka suggested that Shanghai and Tokyo should collaborate in the financial field as both cities have not fully developed their potential in providing financial services.
His views were echoed by Taichi Sakaiya, chief designer of the Japan Industry Pavilion at the World Expo 2010 Shanghai.
Sakaiya also said the Expo functions as a laboratory to test advanced products, for example electric vehicles, that may generate huge economic value and may have the potential to change people's lifestyle for the better.
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