Safeguard security of supply chains

2022-09-21 09:43:05 Deligreen 316

China will unswervingly ensure that industrial and supply chains are public goods in nature, take concrete actions to deepen international cooperation on industrial and supply chains and make sure that people of all countries share the fruits of development, President Xi Jinping said on Monday.

In a congratulatory letter to the International Forum on Resilient and Stable Industrial and Supply Chains, which opened on Monday in Hangzhou, Zhejiang province, Xi said China will firmly safeguard the security and stability of its industrial and supply chains.

Maintaining the resilience and stability of global industrial and supply chains is a vital guarantee for promoting the development of the world economy and serves the common interests of people globally, he added.

Argentine President Alberto Fernandez said via a video link at the forum that considering the importance of value chains and supply chains, efforts are needed to focus on such issues as how to ensure fair and safe access to goods and services and the need to create high-quality jobs in less developed countries.


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Jin Zhuanglong, minister of industry and information technology, said that in the past decades, the world has formed an inseparable industrial division of labor, with countries closely connected with each other through the industrial chains and supply chains, but such a landscape is facing challenges amid the COVID-19 pandemic.

To better deal with headwinds, Jin underlined the need to deepen technological innovation and cooperation, and encourage businesses in various countries to jointly work on research and development in every part of innovation and value chains at every level.

South Korea's Minister of Trade, Industry and Energy Lee Chang-yang said via video link that nowadays, the impact of a crisis that occurs in one country reaches global supply chains, going beyond their neighboring countries.

Clas Neumann, senior vice-president of German cloud services company SAP, said that "China has always been an important part of the world's industrial supply chain, providing goods and services with high quality to the world and helping businesses around the globe to operate efficiently".


▲ Technicians work at a production line in a power battery firm Photo/Xinhua