China’s role in supply chains grows bigger

In Asia, intermediate goods imports from the Chinese mainland now account for close to 20% of all component imports on average, said HSBC’s “Asian Economics Quarterly: Retooling Factory Asia” report. — Reuters

BEIJING: As China moves up the value chain, the country is becoming more of an exporter than importer of intermediate goods used by manufacturers elsewhere, helping strengthen the connectivity and hence competitiveness of regional supply chains, according to a report by HSBC.

In Asia, intermediate goods imports from the Chinese mainland now account for close to 20% of all component imports on average, said HSBC’s “Asian Economics Quarterly: Retooling Factory Asia” report.