Xinhua News Agency: China Will Still Be The "Stabilizer" In The Global Industrial Chain Supply Chain

Recently, some overseas media said that China's implementation of epidemic restriction measures has led to the "blockade" of Shanghai, the world's largest port, which will have a "global impact" on almost all trade. They made such a judgment: first, they did not conduct in-depth investigation and research; second, they made a wrong estimate of China's economic resilience potential and even China's determination to reform and open up. Shanghai has not and will not be "blocked", and China will still be the "stabilizer" and "ballast" in the supply chain of the global industrial chain.

The evaluation of reality should be based on facts. Since March, the epidemic situation in Shanghai is still at a high level. The introduction of a series of measures to stop the spread of virus has indeed had a certain impact on trade logistics. In April, the hub business of Shanghai Port decreased slightly, but there was no "blockade" reported by foreign media. On September 9, there were 26 international ships and 42 domestic branch line container ships entering and leaving the port at Yangshan Port, basically maintaining the level of daily operation. Through the measures such as closed operation of docks, Shanghai Port still maintains all-weather operation to ensure the stability and smooth supply chain of Yangtze River Delta and even the global industrial chain.

Since the outbreak of new pneumonia, many overseas ports have been congested and containers are in short supply, which has directly led to difficulties in shipment and high cost for foreign trade enterprises, which has caused heavy damage to the global shipping industry. Under various challenges, China's ports remain stable and unimpeded. Shanghai's container throughput has risen against the trend. On the basis of completing 43.5 million TEUs in 2020, it further jumped to 47 million TEUs last year, ranking first in the world for 12 consecutive years.

Looking at the future, we must not be short-sighted. In 2021, China's total import and export of goods exceeded $6 trillion for the first time, an increase of 21.4% over the previous year, making a great contribution to Global trade, ensuring the smooth flow of industrial chain and supply chain. All these are based on China's comprehensive competitive advantages in terms of market size, industrial support, infrastructure and business environment. It is better to have a good view of the scenery, for the difficulties of one place at a time, It will not change China's long-term positive economic fundamentals, nor will it shake China's determination and strength to intensify reform and opening up. China will continue to make important contributions to the stability of the global industrial chain supply chain.