Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    Business partners remain confident of China's irreplaceable role in supply chains

    Xinhua | Updated: 2020-03-03 16:49
    Share
    Share - WeChat
    An employee at the BMW Brilliance Automotive Ltd Tiexi plant installs an instrument panel on an assembly line in Tiexi, Liaoning province. [Photo/Agencies]

    BEIJING -- Business leaders around the world have expressed confidence in China's leading role in the global supply chain in an increasingly interconnected world economy.

    Although the ongoing COVID-19 outbreak has sparked concerns of global supply chain disruption, business leaders have recently told Xinhua that China boasts an effective workforce and a vertically integrated supply chain, and its commitment to high-level safety standards and quality has made it irreplaceable.

    LONG-TERM COMPETITIVENESS

    "We are relying on our partners in China. The manufacturing cannot be moved quickly or easily, because there are so many safety standards to be observed," said Steve Pasierb, president and CEO of the US Toy Association, a New York-based non-profit trade group for the US toy industry.

    Noting that China manufactures about 85 percent of toy products sold in the United States, Pasierb said that safety is more important than cost control for his industry, and Chinese manufacturers have proven themselves capable of supplying cost-effective products that meet a full set of regulations.

    "Manufacturing partners in China are true partners. They're not only making the product, they work with our companies to make the product better," said Pasierb, adding that "meaningful, true collaborative partnership" with Chinese suppliers has made US toy makers more profitable.

    For Jean-Paul Agon, chairman and CEO of L'Oreal Group, China's competitive advantage in the global supply chain is built on quality, innovation and sustainability.

    "Therefore, we are confident in China's resilience and long-term competence and competitiveness," said Agon.

    ORDERLY PRODUCTION

    Thanks to China's drastic and rigorous prevention and control measures against the epidemic, the overall tally of new cases of confirmed COVID-19 infections nationwide has gradually declined.

    As a result, in a key meeting on Feb 23, China called on the public to return to work and for the orderly resumption of large-scale production in a bid to achieve its social and economic development goals this year.

    As of Monday, China's manufacturing heartland Guangdong Province has seen 91.2 percent of firms resume operation, according to official data.

    The province, a major magnet for migrant workers from other provinces, also saw the return of 6.94 million non-local workers.

    In the Yangtze River Delta integration demonstration zone in China's east, a manufacturing hub of complex industrial chains, 96 percent of large-scale industrial enterprises there have resumed operations by Feb 26, according to local authorities.

    In an interview with the FOX network that aired on Friday, Apple Inc CEO Tim Cook said that factories in China are returning to normal, and he is "very optimistic" about China's ability to get the epidemic under control.

    "I think of this as the third phase in getting back to normal, and we're in phase three of the ramp mode," he said.

    SUSTAINABILITY EMPHASIS

    Despite the temporary impact of the COVID-19 epidemic on economic activities in China, business leaders have expressed confidence that the Chinese economy and the global economy will recover soon after the epidemic subsides, and in the long run, China's ability to attract foreign investment will not be dampened.

    "We have no indication of our American companies, our members leaving China at all. Rather, many companies are increasing their investments in the country," Craig Allen, president of the US-China Business Council, said recently at a press conference.

    The confidence in China's future economic performance mainly derives from its commitment to investing in technology and sustainable development, which is conducive to future economic development, said John Denton, secretary general of the International Chamber of Commerce.

    Calling China's strong investment in green technology and renewable energy encouraging, Denton said that when the outbreak is under control, China's economic activity will resume steadily and investors will seek out opportunities in these and other areas.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    中文字幕人妻色偷偷久久| 亚洲大尺度无码专区尤物| 亚洲精品无码久久久久去q | 少妇中文字幕乱码亚洲影视| 无码精品黑人一区二区三区| 最近2019中文字幕免费大全5| 无码人妻少妇久久中文字幕| 无码人妻精品一区二区三区99仓本| 亚洲伊人久久综合中文成人网 | Aⅴ精品无码无卡在线观看| 中文字幕人妻无码一区二区三区| 中文字幕丰满乱孑伦无码专区| 国产乱妇无码大片在线观看| 一本加勒比hezyo无码专区| 中文字幕在线看视频一区二区三区 | 色AV永久无码影院AV| 无码人妻丰满熟妇区96| 亚洲电影中文字幕| 天堂√中文最新版在线下载 | 人妻无码中文久久久久专区| 亚洲一区二区三区无码影院| 精品无人区无码乱码毛片国产 | 蜜桃视频无码区在线观看| 国内精品人妻无码久久久影院| 亚洲av无码不卡| 日韩午夜福利无码专区a| 无码精品久久久天天影视| 亚洲Aⅴ无码专区在线观看q| 中文字幕无码精品亚洲资源网久久| 中文字幕毛片| 免费无码又爽又刺激一高潮| 久久无码高潮喷水| 亚洲中文字幕无码不卡电影| 亚洲AV中文无码字幕色三| 亚洲A∨无码一区二区三区| 日韩免费人妻AV无码专区蜜桃| 人妻av无码一区二区三区| 国产午夜无码精品免费看动漫 | 国产精品无码a∨精品| 成人免费无码H在线观看不卡| 91精品无码久久久久久五月天|