China denies massive retreat of supply chains: FM

Source:Global Times Published: 2020/3/11 17:03:40

Foreign Ministry Spokesperson Geng Shuang (Photo from Foreign Ministry website)

Industrial supply chains haven't massively retreated from China due to the coronavirus outbreak, and it's unrealistic and unwise to purposely cut global supply chains or even advocate diverting supply chains or decoupling, a Chinese foreign ministry spokesperson said on Wednesday.

The international community has a positive outlook on China's industrial supply chain's resilience, Geng Shuang, spokesperson of the Ministry of Foreign Affairs, said at a regular press briefing. 

The impact of the coronavirus outbreak on China's economy is temporary and limited, Geng added.

"The epidemic didn't change the long-term upward prospects for Chinese economy nor the factors that support high-quality economic development, and international society still has confidence in China's economic outlook," he said.

China's performance during the outbreak again shows the country's power and responsibility, Geng said.

As measures containing the virus have yielded results, key industries and leading companies including foreign enterprises in China have gradually resumed operations, while production and the economy are returning to normalcy, he said. 

"China's timely resumption of businesses and economic activities getting back to normal also serve as support and a guarantee of stable and secure global industrial supply chains," he said.

Geng called for the international community to join hands in combating the virus and resume normal international exchanges and cooperation in a bid to get the world economy on the right track.

Across China, production resumption is going well in regions outside Central China's Hubei Province, with 99 percent of key foreign enterprises in Shanghai and 100 percent of large-scale foreign firms in East China's Zhejiang Province in operation by now.

As there are few  new infections now  across China, even Hubei Province on Wednesday asked companies that are of crucial importance to national or global industrial chains to resume production while ensuring safety.



Posted in: ECONOMY

blog comments powered by Disqus