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CIIF discusses the development situation of China's manufacturing industry

Sep 23, 2020

After the opening of the 22nd China International Industry Fair (hereinafter referred to as CIIF), the Global Manufacturing Industry Chain High-quality Cooperation Summit Forum hosted by the Ministry of Industry and Information Technology and undertaken by the International Economic and Technical Cooperation Center of the Ministry of Industry and Information Technology Held in Shanghai.

The forum focused on exploring how China's manufacturing industry can create new development opportunities on the international stage, promote new industry practices, and boost development levels. Xin Guobin said that under the global epidemic, Chinese companies are working with companies from all over the world to promote the coordination of the entire industry chain, resume work and production, maintain the stability of the manufacturing industry chain and supply chain, and inject confidence and impetus into promoting global economic recovery. The global industrial chain supply chain has formed a close relationship of “you are in you and you are in me”. The trend of industrial reform and innovation and open cooperation is unstoppable. It is very important to further deepen international cooperation in the industrial chain and supply chain.

"China's manufacturing industry has demonstrated the ability to quickly recover its industrial chain and supply chain during the epidemic, fully demonstrating its unmatched foundation and future competitiveness." Zeng Guangan said that in the new stage of China's economic development, the "six guarantees" will be fully implemented. "Six Stability", the adjustment and upgrade of the manufacturing industry chain is a top priority. It also requires a comprehensive layout, internal and external coordination, and precise force.

According to observations, affected by the epidemic, the evolution of Sino-US trade friction and anti-globalization is an inevitable trend, and the shift to lower-cost countries and new markets is inevitable. However, the cost of transfer is high, time is long, and changes in market competitiveness brought about by transfer are inevitable.

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