Foreign firms eye China's supply chain

Execs say it is evolving beyond simple connectivity to emphasize innovation

With technological innovation playing an increasingly integral role in China's supply chain operation, foreign firms will build more local partnerships in high-end manufacturing, modern services and consumer goods, senior executives from such corporations said on Thursday.

At the ongoing third China International Supply Chain Expo (CISCE) in Beijing, they said China's supply chain is evolving beyond simple connectivity to emphasize greater coordination, development and innovation.

Held from Wednesday to Sunday, the third edition of CISCE has brought together more than 650 companies and institutions from 75 countries and regions, said the Beijing-based China Council for the Promotion of International Trade, organizer of the expo.