China today affirmed its commitment to work to stabilize and improve industrial and supply chains through 2021, and Chinese Minister of Industry and Information Technology, “Xiao Yaqing” – in a statement at a work conference in Beijing – said that more efforts will be made to monitor and evaluate the integrity of major industry and supply chains And strengthening supply chains in the manufacturing industry and addressing weak links, calling for breakthroughs in basic technologies, accelerating the digital transformation of the manufacturing sector and enhancing flexibility and resilience in industry and supply chains.
He added that China will make efforts to build more industry and supply chains that are more independent and manageable, as the security and stability of these chains are the basis for forming a new development model (the combination of promoting domestic consumption and export).
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