Competitiveness highlighted for manufacturers

Efforts in localization, supply chain seen as key for overseas expansion

As the global economic and trade landscape continues to evolve, Chinese manufacturing enterprises should step up efforts to adjust production capacities globally, expand presence in emerging markets and bolster technological advancements, to navigate challenges from the volatile tariff policy of the United States, said experts and company executives.

They added that in the face of rising trade protectionism and external uncertainties, more efforts should be made to strengthen local operations by setting up research and development centers and supply chain networks, while improving core competitiveness and better serving demand of local markets.

A report from market consultancy Sigmaintell Consulting said, as this year marks a crucial turning point in the global economic and trade landscape, the diversification of supply chain layout and enterprises' profitability will determine their capacities to buffer against the impact of US tariff increases.