"We can find the most suitable suppliers within one hour"
At the Third China International Supply Chain Expo, foreign companies lavished praise on China’s supply chain.
“China’s supply chain is not only complete and large-scale, but its responsiveness is also excellent.” At the Expo, foreign companies praised China’s supply chain. Global giants such as Honeywell, Louis Dreyfus, and Corning announced increased investments in China.
Yu Feng, President of Honeywell China, said:
“China’s supply chain is not only complete and large-scale, but also has superb responsiveness. Since 2018 we have witnessed the rise of new-energy vehicles in China and recognized a major opportunity. Our Nanjing factory is outstanding, but without China’s strong supply chain, continuity in product refresh cannot be ensured. Another key feature is the tight linkage between business needs, R&D, and manufacturing. Not only at our own base, but across the Yangtze River Delta we can reach many suppliers within an hour.”
Liu Xuelin, Vice President of Wacker Chemicals China, noted:
“China’s supply chain is highly flexible. The journey of a product from lab to factory to market is very fast. Moreover, the entire industrial chain—from raw materials to finished goods—is comprehensive and increasingly green. Our Zhangjiagang site already operates on 100% green energy. All this rests on China’s very rapid development of renewables.”
Sun Yonghua, Vice President of Louis Dreyfus Group for North Asia, said:
“We have a rather long industrial chain. At every stage—from agricultural cultivation and processing, to international trade, downstream production and ultimately the table—we benefit from China’s refined supply chain. It enables us to work faster and with higher quality. Last month we broke ground on a plant in Qingdao. From contract signing to land acquisition the whole process took only three months, which amazed us.”
Qian Jingmin, Vice-Chair of the Australia-China Business and Trade Committee, commented:
“China’s supply chain is large-scale and broad in scope. It not only has a clear cost advantage, but also delivers excellent performance thanks to responsiveness and an innovation focus. Chinese consumers also show high engagement.”
Lin Chunmei, Corning Vice President and President for China, outlined investment plans:
“We have five major business lines, all growing in China. In total, 9 billion USD has been invested, and this year we will invest another 500 million USD. We have display technology in Hefei and are making high-end optical-fiber investments in Shanghai.”
Sun Yonghua of Louis Dreyfus added on investments:
“We have continuously invested in China for six years, launching four construction projects from scratch. In Q4 this year our new Tianjin plant will come online, enabling deeper downstream development.”
Yu Feng of Honeywell also highlighted innovation:
“We have ten R&D centers. Over 20% of our China employees work in R&D. China is a key player in global innovation. Each year we file hundreds of patent applications in China. I believe innovation in China will not stop, but will accelerate.”
British News Agency