China calls for G20 to maintain supply chain stability
The 18th Group of 20 (G20) Summit is taking place on Saturday and Sunday in New Delhi, India under the theme of “One Earth, One Family, One Future.”
At a time when economic globalization is facing roadblocks, China calls for inclusive growth and safeguarding supply chain stability.
During the G20 Trade and Investment Ministers Meeting in late August, Chinese Vice Minister of Commerce Wang Shouwen stressed the importance for G20 members to protect the multilateral trading system and condemn unilateral protectionist actions, such as misuse of national security and export controls.
Wang also advocated for open regionalism and supporting stable global industrial and supply chains. He further called for the strengthening of digital cooperation, promoting the recognition of electronic document standards, as well as enhancing the openness and inclusiveness of regional free trade agreements.
Following discussions, the G20 Trade and Investment Ministers collectively pledged to uphold the multilateral trading system while bolstering supply chain resilience and facilitating the integration of micro, small, and medium-sized enterprises into international trade.
China, being a crucial hub for global manufacturing and supply chains, firmly opposes the notion of decoupling. In an effort to foster a more orderly and efficient integration between industries across countries, the first China International Supply Chain Expo is scheduled to take place at the end of November.
(Cover via CFP)
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