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As concerns over climate change have been rising, China has become both the largest manufacturer and buyer of EVs in the world and currently accounts for more than half of all electric cars.

As emerging technologies such as mobile internet, artificial intelligence and additive manufacturing continue to be put into use, as well as the technological and innovative capabilities of emerging economies, the cost of participating in global value chains, especially for small and medium-sized companies, is rapidly declining. Against this background, the vertical specialization led by traditional large multinational corporations has not fully adapted to the new requirements of global economic cooperation. The new global value chains represented by collaborative innovation and, platform-based collaboration, and division of labor are rapidly developing. They will become an important supplement to the traditional value chains.

As a routine speech delivered by the prime minister every year, this is the seventh time Abe made such speeches since he returned to power in December 2012.

As a result, the nationwide vaccination program started and funded by the government got held for fear of side effects.

As for why China should look to Europe when developing its AI strategy. He said Europe has world-class researchers, laboratories and startups in the field of AI, making it home to the world's leading AI research community.