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Industry insiders say China indispensable to global supply chain
(Xinhua) 09:38, April 11, 2024
BEIJING, April 10 (Xinhua) -- Entrepreneurs from multinational corporations and economists reiterated that China is indispensable in terms of the global supply chain and closer cooperation is a win-win choice.
Airbus, for example, said its cooperation with Chinese companies covers the entire industrial chain, from procurement, production and installation of large components to aircraft final assembly and delivery, and the company benefited from such close ties in its business expansion.
George Xu, CEO of Airbus China, told Xinhua in an exclusive interview last month that "in the past, we had to ship all the big parts from Europe, which took 60 days. (Later,) we worked with a Chinese partner, the Aviation Industry Corporation of China, to produce the parts locally and deliver them 'door to door' to our Tianjin final assembly line."
"The locally made parts are comparable to those made in Europe in terms of both quality and costs," said Xu.
Currently, Airbus has about 200 suppliers in China, and components produced by Chinese companies are found on all Airbus commercial jetliner types.
Thanks to strong local suppliers and a stable regulatory environment, the building of the second line of the Airbus A320 Family Final Assembly Line Asia (FALA) in north China's major industrial port city of Tianjin is in full swing.
BEIJING, April 10 (Xinhua) -- Entrepreneurs from multinational corporations and economists reiterated that China is indispensable in terms of the global supply chain and closer cooperation is a win-win choice.
Airbus, for example, said its cooperation with Chinese companies covers the entire industrial chain, from procurement, production and installation of large components to aircraft final assembly and delivery, and the company benefited from such close ties in its business expansion.
George Xu, CEO of Airbus China, told Xinhua in an exclusive interview last month that "in the past, we had to ship all the big parts from Europe, which took 60 days. (Later,) we worked with a Chinese partner, the Aviation Industry Corporation of China, to produce the parts locally and deliver them 'door to door' to our Tianjin final assembly line."
"The locally made parts are comparable to those made in Europe in terms of both quality and costs," said Xu.
Currently, Airbus has about 200 suppliers in China, and components produced by Chinese companies are found on all Airbus commercial jetliner types.
Thanks to strong local suppliers and a stable regulatory environment, the building of the second line of the Airbus A320 Family Final Assembly Line Asia (FALA) in north China's major industrial port city of Tianjin is in full swing.
