[경제 인사이트] China leads global ‘green, low-carbon transition’ with solid supply chain and new energy technology

(Tianjin, China = Xinhua News Agency) China is contributing to the global green, low-carbon transition by actively strengthening the supply chain and developing new energy technology.

At the ‘2024 Beijing-Tianjin-Hebei Industrial and Supply Chain Conference’ recently held in Tianjin, Christoph Schrempf, head of the Tianjin office of the EU Chamber of Commerce in China, said that the chamber conducted an annual business confidence survey for its member companies. According to the results of the survey, localization of the supply chain was found to be very important for companies in China to advance to the next level.

“Our members have benefited from China’s complete supply chain. Take the Jingjinji region’s supply chain system as an example. Its complete manufacturing support system, focused scientific research capabilities, and abundant human resources enable supply chain innovation and innovation. “We strongly support the upgrade.” These are the words of Director Schrempf:

Novo Nordisk is one of the first large multinational pharmaceutical companies to enter the Chinese market. At this competition, Zhou Xiaping, President of Novo Nordisk’s Greater China region, said, “Of the 400 domestic suppliers to the Tianjin production plant, about 70% are from the Jingjinji region. They are active in the region’s industry, downstream energy, chemical industry, and other industries.” “It has led to the joint development of industries such as electronics and services,” he explained.

Chen Heqiang, Vice President of GE Healthcare China, said that the company operates in ▷Jingjinji ▷Changjiang Delta ▷Chengyu (abbreviated name for Chengdu and Chongqing) ▷Yegangao Greater Bay Area (Guangdong-Hong Kong- It was reported that four strong supply chain clusters have been developed in four regions (Macao economic zone), and the annual purchasing volume of these clusters has exceeded 10 billion yuan (approximately 1.94 trillion won). Subsequently, we promoted the development of more than a thousand upstream and downstream suppliers and fostered more than 100 specialization, precision, specialization, and novelty ‘small giant’ enterprises. He elaborated that he had done so.

A VIP is interacting with a service robot in the corporate promotional exhibition area installed outside the opening ceremony venue of the ‘2024 Jingjinji Industrial and Supply Chain Conference’ on the 25th. (Photo/Xinhua News Agency)

China has been actively developing new quality production capabilities based on its solid industrial chain support capacity, large market, and strong scientific research capabilities. More and more Chinese domestic and foreign companies are expanding cooperation in new quality production and promoting green innovation and transformation centered on the supply chain.

In addition, the development of China’s new energy industry is showing remarkable progress. This is evaluated as not only alleviating the energy crisis, strengthening climate change response, and promoting China’s economic growth, but also injecting new vitality into the global supply chain.

During the 15th Summer Davos Forum, the annual meeting of the World Economic Forum (WEF), World Economic Forum Executive Director Jeremy Jurgen said, “The development of next-generation energy technology will lead to longer-lasting, cheaper and safer energy sources. “It could help you find it,” he commented. He added that China is leading the way in areas such as new energy batteries, electric vehicles, and energy storage, and related products are also highly competitive.

According to Wood Mackenzie, a global energy consulting firm, Chinese companies are considered the largest exporters of solar energy and electric vehicle battery modules to the United States. Last month, solar module manufacturer Jingke Energy announced that its factory in Florida received tax credits under the U.S. Inflation Reduction Act (IRA).

In the same month, related enterprises from China and Zambia signed a number of new energy cooperation agreements in Beijing. This includes a project to install 10,000 rooftop solar power panels in Zambia.

According to estimates by the International Energy Agency (IEA), to realize the carbon neutrality goal, global new energy vehicle sales must increase to about 45 million units by 2030, which is 4.5 times the amount in 2022, and solar power generation facility capacity must also increase. It must be greatly increased.

As global supply chains are further optimized and international cooperation continues to strengthen, each party appears to be breaking down barriers that block the flow of innovative elements such as knowledge, technology, and talent through cooperation.