November 27th (AMSP/CGTN) – – The Global Supply Chain Expo not only serves domestic companies but also provides a platform for international enterprises to enhance their presence in China.
Earlier, Reporter Zheng Junfeng interviewed Jakob Stausholm, CEO of Rio Tinto, about the company’s outlook on the Chinese market. Stausholm highlighted that China’s opening up could significantly benefit foreign investments. He also mentioned that Rio Tinto had a meeting with Premier Li Qiang on the 25th, discussing the company’s initiatives and contributions.
We engage with our customers and suppliers alike, allowing us to understand the strengths of the entire supplier ecosystem in China. When we talk about suppliers, we mean a wide range of mining equipment providers. For instance, we’re exploring the development of new EV trucks and conveyor belts, among other types of equipment. Our investment in China continues to grow, and this year, we expect to exceed $4 billion in purchases here. The suppliers we work with are not only cost-competitive but also deliver exceptional quality, which ultimately strengthens our business.
China has announced that it will impose zero restrictions on foreign investment in its manufacturing sector, welcoming investments across all areas, and this in the framework of its commitment to opening up.
“Absolutely. We are looking to capitalize on China’s opening up by increasing our use of Chinese suppliers globally. From our perspective, we have never seen China as open as it is right now. Currently, we are selling more than half of our global production to China, and this trade has been relatively frictionless. It’s truly admirable,” Rio Tinto CEO Jakob Stausholm revealed.
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