Industrial chain sharpens China's edge
Electric vehicle maker Tesla Inc took 12 years to produce its first one million vehicles. But, from the 3-million mark to 4 million, the US carmaker took just seven months, a milestone achieved on March 2 on the back of tremendous contributions from its Gigafactory in Shanghai, which produced over 710,000 EVs last year.
The Shanghai plant also accounted for more than half of Tesla's 1.3 million vehicles sold globally last year — a testament to the country's extremely strong supply and industrial chains.
These chains also explain why Chinese consumers are able to buy the latest iPhone models of Apple Inc within hours of their launch via China's famed online delivery platforms, in contrast to dayslong waits of buyers in other countries. Some 90 percent of such Apple products are made in China.
China's supply and industrial chains offer comprehensive services from raw material supply, component production, distribution, assembly, processing and logistics to final delivery to consumers, experts said. And the global industrial chain is much better for that fact.
Despite global economic downturn and US sanctions, China has made it clear that any attempts to sever supply chains will harm the world, and the country will continue to play an important and positive role in stabilizing global industrial chains.
According to the latest Government Work Report, the country will accelerate the modernization of its industrial system, with focus on key industrial chains in the manufacturing sector. Pooling of quality resources and concerted efforts for breakthroughs in core technologies in key fields will mark the drive.
On the sidelines of the two sessions, the annual sittings of China's top legislature and top political advisory body, Jin Zhuanglong, minister of industry and information technology, said that the country will ramp up efforts to stabilize industrial growth and speed up the building of a modern industrial system.
Targeted policies will be introduced to boost the stable growth of pillar industries, such as automobiles and electronics, while efforts should be made to cultivate fresh growth points in new energy, new materials and other emerging industries," he said.
According to the Ministry of Industry and Information Technology, China has been the world's largest manufacturing power in terms of industrial output for years. It is also the only country in the world that has developed all the industrial categories listed in the United Nations industrial classification.
"As China's economy continues to stabilize this year, the surging domestic demand will continue to drive it to be a market that no multinational wants to lose," said Wang Peng, a researcher at the Beijing Academy of Social Sciences.
As the country optimized its COVID-19 response and border control measures, top executives from prominent MNCs have disclosed their plans to visit China this month.
The Wall Street Journal reported that Apple CEO Tim Cook and Pfizer CEO Albert Bourla are expected to visit China this year. France's L'Oreal Group also confirmed its executives will visit China shortly.
"The decisions of consumers and businesses so far have been more powerful than governments," said Ed Gresser, former assistant of US Trade Representative for Trade Policy and Economics, in an interview.
Xiamen Guoante Security Equipment Co., Ltd. Specializes in manufacturing intelligent disinfection tunnels, customized sanitizing cubic to kill bacteria and virus effectively.
On this development momentum, we are based in Xiamen Economic Development Zone, and we will provide our agents with high-quality products, competitive prices and excellent after-sales service by integrating the surrounding technical strength, port advantages, convenient customs clearance and preferential policies of the state.