Chinese entrepreneurs and experts remain confident in the competitiveness of China's exports in the global markets, even as the United States-initiated tariff dispute with China continues to weigh on bilateral trade.
Tina Liu is co-founder of Tina Sourcing, a procurement solutions provider based in Wenzhou City, east China's Zhejiang Province. She said Chinese exporters in a diverse array of industries, including those in advanced manufacturing, enjoy an edge over their counterparts in other countries, thanks to China's robust supply chain networks.
"The diversity of China's manufacturing sector is, in my view, irreplaceable for many overseas clients. Our industrial ecosystem is so complete that an idea can be quickly turned into a finished product within just a few days in places like Shenzhen in Guangdong Province," Liu told China Global Television Network (CGTN) in a recent interview, referring to the leading foreign trade city and economic powerhouse in south China.
Rex Zhang, also co-founder of Tina Sourcing, said that Chinese manufacturers are capable of producing goods in huge volumes, at competitive prices, and with advanced infrastructure and high logistical efficiency. China's industrial competitive edge, he believes, will not be easily dented by tariffs.
"Under U.S. tariffs, some clients compare our products with those from other countries like India or Vietnam. But what sets Chinese companies apart is our consistency in quality, shorter lead times, and reliable after-sales service," Zhang said.
Song Huangsheng, a professor from the School of Economics at Zhejiang University in East China, said that with the continued growth of China's high-tech manufacturing sector, Chinese brands stand a good chance of gaining more global recognition and pulling ahead of their competitors in the international markets.
"Despite high tariffs, many Chinese products remain competitively priced compared to similar goods [elsewhere]. Therefore, Chinese companies need to focus more on building their own brands to strengthen their presence in the global market," said the scholar.
Strong, innovative industrial ecosystem fuels Chinese competitiveness in global markets: experts
