Foreign Firms Ready to Build Shared-dividend Global Supply Chain with China

At the 2024 Beijing-Tianjin-Hebei Industrial Chain and Supply Chain Conference held in north China’s Tianjin Municipality, Christine Zhou, senior vice president & president of Region China, Novo Nordisk, shared the company’s three-decade journey in China. She detailed its ongoing investment in establishing and upgrading a comprehensive industrial chain that covers production, research and commercial operations.

“In the last three years alone, our new investments in Tianjin have exceeded 7 billion yuan (about 986 million U.S. dollars), significantly enhancing production capacity and supply chain resilience,” said Zhou, noting that Tianjin has become the company’s key production engine in China.

Many attendees at the conference recognized China’s vital role in global supply and industrial chains, saying that by leveraging China’s advantages in the supply and industrial chains and its high-standard opening up, companies will be in a better position to expand their global markets and integrate deeply into the global value chain.

China continues to enhance policy support and expand opening up by reducing the negative list for foreign investment, achieving zero restrictions on the manufacturing sector and further facilitating the creation of a safe, stable, efficient, open, and mutually beneficial global industrial and supply chain system.

Regions across the country are also encouraging foreign companies to invest in innovation and industrial chains to facilitate their smooth integration into the Chinese market.