In a significant move to bolster global economic stability, China’s Premier Li Qiang announced concrete actions to maintain stable and unimpeded global industrial and supply chains. Speaking on Monday at a symposium with key industry leaders, Li emphasized China’s commitment during the upcoming second China International Supply Chain Expo.
The symposium featured prominent representatives from major corporations such as Apple, Rio Tinto, Contemporary Amperex Technology, and the US-China Business Council. These corporate leaders expressed strong confidence in the Chinese economy and highlighted their optimism about the vast potential of the Chinese market.
Foreign firms operating in China are eager to expand their investments and deepen their development within the country. They are focused on strengthening cooperation on global industrial and supply chains, aiming for mutual growth and win-win outcomes. Li noted that the deepening of economic globalization over the past decades has led to the expansion of global industrial and supply chains, significantly contributing to the rapid growth of the world economy.
However, Li also pointed out current challenges, including protectionist measures and overextended security concepts that are undermining global industrial and supply chains. These issues are increasing corporate costs, reducing economic efficiency, and hindering shared development. In response, Li called for steadfast efforts to safeguard the stability and openness of global industrial and supply chains, as well as the common interests of all parties involved.
Highlighting China’s steady economic growth and ongoing progress this year, Li assured that further efforts will be made to enhance counter-cyclical adjustments and promote sustainable economic development. He outlined plans to accelerate the construction of a modern industrial system and provide robust support for the efficient operation of global industrial and supply chains.
Additionally, Li emphasized the importance of integrating scientific and technological advancements with industrial innovation to better align with international innovation cooperation. China is committed to promoting high-standard opening up, expanding market access, and welcoming more foreign enterprises to engage in industrial cooperation within the country.
Premier Li concluded by expressing hope that enterprises will continue to support economic globalization, deepen international division of labor and cooperation, and work together to make global industrial and supply chains more dynamic, resilient, and efficient.
Reference(s):
China pledges to ensure stability of global industrial, supply chains
cgtn.com
