China’s Premier Li Qiang expressed opposition to protectionism and emphasized a commitment to strengthening supply chain partnerships with all countries at the first China International Supply Chain Expo (CISCE). Amid increasing global concerns about overreliance on China in supply chains, particularly in critical sectors, Li urged a wariness of challenges brought about by protectionism and uncontrolled globalization. Geopolitical tensions have prompted some foreign businesses to diversify their supply chains, a strategy known as China-plus-one, directing investments to countries like India, Mexico, and Vietnam. The expo aims to boost foreign investment in China, addressing a drop to historic lows in recent years.
China opposes protectionism, seeks stronger global supply chain ties, says Premier Li Qiang.
