China’s intensified efforts to build resilient industrial and supply chains and expand international collaboration will further drive global industrial development and unlock a wealth of opportunities for companies worldwide, experts and company executives said.
The comments were made in response to the central authorities’ resolution to this end. The third plenary session of the 20th Central Committee of the Communist Party of China — a meeting key to the nation’s reforms and modernization progress — said the country will move faster to build industrial and supply chains that are self-supporting and risk-controllable.
Meanwhile, China will further deepen reform and opening-up, and facilitate international cooperation in industrial and supply chains, the meeting said. “China is both a participant and beneficiary of global industrial and supply chains, as well as a firm defender and builder of these chains,” Zhang Qingwei, vice-chairman of the Standing Committee of the National People’s Congress, China’s top legislature, said during a recent meeting.