By South China Morning Post | Created at 2024-11-26 05:31:25 | Updated at 2024-11-26 07:40:27
2 hours ago
China doubled down on efforts for global cooperation to maintain the operation of international supply chains hours after US president-elect Donald Trump pushed his “America First” agenda by upping his tariff threats against Chinese imports.
On the opening day of the China International Supply Chain Expo in Beijing, Vice -President Han Zheng said that Beijing was willing to work with other countries to advocate an equal and orderly world multipolarity and promote the construction of an open world economic system.
“The world has entered a new period of turmoil and change, and the fragmentation of the world economy has intensified,” he said in a keynote speech.
Han encouraged business leaders to build consensus and strengthen links to contribute to maintaining the stability of the global supply chains, while also “injecting more certainty and positive energy” into the recovery of the global economy.
China is the world’s top merchandise exporter with massive manufacturing capability, accounting for around 15 per cent of the global trade volume.
As the world’s second largest consumer market, it also draws huge investment from major multinational companies.
