Chinese auto companies have jointly launched a "breakthrough" transparent supply chain ecosystem in to promote high-quality development of the automobile industry.
The Transparent Supply Chain Ecosystm-Auto (TSCE-Auto) was initiated by 18 major carmakers and more than 100 auto parts manufacturers at the 32nd China Society of Automotive Engineers Conference and Expo, which ran from Wednesday to Friday in southwest China's Chongqing Municipality.
The system was launched to create a unified data standard system for the auto industry supply chain, which has meant establishing data standards and interconnection systems covering the entire industry chain. It will also create a secure and reliable supply chain data space and build application demonstration scenarios.
Officials from the China Society of Automotive Engineers emphasized that the platform is the first open and collaborative data ecosystem built in the automotive industry, capable of realizing data interconnection, trusted information interaction, and flexible resource allocation in the automotive industry chain.
The system will be built based on data centers and a physical computer room will be established in Shanghai International Automobile City, a major automotive hub in east China.
"The entire system is a complete breakthrough and innovation, with no precedent to refer to. With this new system, we will make better use of the infrastructure capabilities of data resources. More importantly, we will improve the ability in data governance and data applications. We hope that this system will empower the development of the entire industry," said Pan Xiaohong, general manager of Shanghai International Automobile City.
Auto parts manufacturers said transparent supply chain data can help companies optimize inventory and ensure stable product quality.
"A transparent supply chain can significantly help us optimize inventory and logistics. Currently, sales of individual vehicle models fluctuate significantly, by around 30 percent per month. Despite this rapid and significant fluctuation, the auto seats sector has achieved the goal of halving its inventory cycle [with the transparent data system]," said Wang Jimin, manager of an auto set company in Ningbo City of east China's Zhejiang Province.
Chinese auto companies launch unprecedented platform for supply chain transparency
The 17th meeting of the China-Vietnam Steering Committee for Bilateral Cooperation was held in Hanoi on Tuesday.
Member of the Political Bureau of the Communist Party of China Central Committee and Foreign Minister Wang Yi and Vietnamese Deputy Prime Minister Bui Thanh Son co-chaired the meeting with officials from various ministries and provincial governments of both sides participating online and offline.
Efficient coordination among various departments and localities of the two countries has led to an upgrade in all-round cooperation, Wang noted.
Faced with a complex and volatile international situation, China and Vietnam should join hands to advance the path of socialist modernization, continuously create new prospects for relations between the two parties and countries, and make new contributions to strengthening Global South unity and self-reliance and promoting international and regional peace and stability, said Wang.
He added that both sides should expand the breadth of pragmatic cooperation, including promoting railway connectivity, strengthening cooperation in agriculture, electricity, finance, key minerals, and technological innovation, and jointly safeguarding the multilateral trading system.
Efforts should also be made to maintain the momentum of people-to-people exchanges, such as promoting cooperation in media, publishing, radio, and film, and to strengthen the management of differences, advance maritime cooperation, and conclude consultations of the Code of Conduct in the South China Sea at an early date, Wang added.
Son said that Vietnam has always regarded China as a top priority and strategic choice in its foreign policy, adding that Vietnam firmly adheres to the one-China policy and opposes any form of Taiwan separatist activities.
He added that Vietnam agrees with the next steps of cooperation proposed by China, and is willing to further consolidate strategic mutual trust, prepare for high-level exchanges, and strengthen party and parliamentary exchanges.
Vietnam is willing to deepen defense and security cooperation, promote mutually beneficial cooperation in trade, agriculture, finance, green energy, and cultural and educational fields, strengthen multilateral coordination and cooperation, properly manage differences, and advance Vietnam-China relations to deeper and more substantive levels, Son said.
China, Vietnam hold meeting to advance cooperation
