CCTV Comment: Made in China Accelerates Operation to Meet Domestic and International Bidirectional D

The Chinese supply chain and Made in China are ramping up their horsepower to meet the different needs of both domestic and international markets at full speed. By August, the domestic manufacturing PMI had been above the boom and bust line for six consecutive months, and both domestic and external demand on the demand side continued to improve. On the one hand, domestic market demand was fully returning to normal; Another factor is that China's exports have been accelerating since the first half of the year. "The New York Times said in a surprised tone: This year is supposedly a year when China's" export machine "has stagnated due to external tariffs, incentives for companies to leave China, and the spread of the epidemic that has caused factories to shut down;"; However, after the resumption of production and work, Chinese enterprises have strongly returned to launch an export blitz, which may continue for a long time after the world recovers from the epidemic.

These days, there has been a long queue at the entrance of luxury stores and ticket counters in cinemas in the domestic market. The data also reflects that orders for glass and soda related to infrastructure in China have even been scheduled for next year. The demand for large construction machinery and heavy trucks is even more surprising. According to data from the China Construction Machinery Industry Association, in July this year, domestic enterprises sold a total of 19110 excavators. In August, the sales of excavators (including exports) are likely to exceed 20800, with a year-on-year growth rate exceeding 50% for the second consecutive month; At the same time, in August, China's heavy truck market is expected to sell 128000 vehicles of various types, a year-on-year increase of 75%, 34000 more than the previous historical record of 93700 vehicles in August 2017. "People have seen the smooth domestic circulation, the mutual promotion of international and domestic double circulation, and the pulling force on the current domestic economy and Chinese enterprises.".

Both domestic and international think tanks believe that the epidemic this year has significantly damaged and suppressed global manufacturing and supply chains. Due to China's strong supply chain resilience and strong export of epidemic prevention materials, it is able to promptly and effectively repair the weaknesses and shortcomings of various countries, and meet the urgent needs of the international market. In July and August, China's export performance was stronger than expected. Due to the fact that the formation of industrial systems and supply chains cannot be achieved in a single day, especially the efficient operation of supply chains is never a temporary combination. Market authorities believe that after the COVID-19 epidemic, reliability will replace low-cost as the main goal of global supply chain management. China's complete infrastructure, huge economic volume, and vast consumer market provide a reliable production and trading platform for multinational enterprises.

The accelerated recovery of domestic and foreign market demand is the foundation for enterprises to improve, and it is also the confidence to accelerate the pace of recovery of the global economy. "Chinese enterprises should seize this rare development opportunity and make full use of it, while taking into account the needs of both domestic and international markets, and strive to enhance the product share and market competitiveness of Made in China in both domestic and international markets.".