Posted 11/28/2023, 7:27:01 AM
China Promises Closer Supply Chain Ties, Warns of Globalization Risks at New Trade Expo
- Premier Li Qiang vowed to build closer production and supply chain partnerships with all countries at China's inaugural International Supply Chain Expo
- Li warned of risks from protectionism and uncontrolled globalization, pledging China would create a rule of law-based business environment
- The expo provides a window for foreign companies to assess opportunities still on offer in China amidst ongoing de-risking
- Beijing is pushing the event to showcase China as an indispensable world factory, with Apple and Tesla among 130 foreign exhibitors
- Disruptions to supply chains include China's lockdowns, Ukraine war, infrastructure inadequacies and rising geopolitical tensions