Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China to pursue industrial chain interconnection with ASEAN, MIIT official

March 26, 2021


Abstract : China will actively pursue industrial chain interconnection with members of the Association of Southeast Asian Nations (ASEAN), as the space for cooperation between the two sides in such industries as equipment manufacturing, textile, apparel, and light industry remains large.

2.png

Customers from Harbin shop in a store run by Vietnamese merchant Nguyen Thu Hoai in Dongxing, south China's Guangxi Zhuang Autonomous Region, Dec. 27, 2019. (Xinhua/Guo Yifan)

BEIJING, March 26 (Xinhua) -- China will actively pursue industrial chain interconnection with members of the Association of Southeast Asian Nations (ASEAN), as the space for cooperation between the two sides in such industries as equipment manufacturing, textile, apparel, and light industry remains large, He Yaqiong, head of the operation monitoring and coordination bureau under the Ministry of Industry and Information Technology (MIIT) said at a press briefing held on Thursday.

Industrial chains in the region are becoming more closely linked, with the Regional Comprehensive Economic Partnership (RCEP) promoting the domestic and international development of ASEAN member states and enhancing China's capability to allocate resources in domestic and foreign markets, according to the official.

He added that while encouraging domestic industrial upgrading to high value-added links such as research and development, design and system integration, China will also strengthen cooperation with ASEAN in vertical sectors. For example, China can cooperate with ASEAN countries in middle and low-end industrial chains by setting up overseas industrial cooperation zones and cooperation parks for small and medium-sized enterprises, so as to increase industrial added value and enhance the ability for industrial chain integration.

China will take the initiative to open wider to the world and attract more foreign-funded high-end manufacturing projects, foreign enterprises and talents, according to He. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: China-ASEAN industrial chain

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial