Beijing plans to revamp coordination and allocation of resources

World leader: FILE - Tourists ride horses near wind turbines in Zhangbei county, in north Hebei province. China has huge innovation capabilities and is gaining leadership globally in areas like the electric vehicle chain, from batteries to charging infrastructure, photovoltaic panels, wind turbines, nuclear and telecommunications equipment, say experts. — AP

BEIJING: China will encourage domestic enterprises to integrate more deeply into global industrial and supply chains and strengthen the coordination and allocation of resources in key industries such as semi-conductors, the country’s top industry regulator says.

Industry and Information Technology Minister Jin Zhuanglong said optimising and stabilising the industrial chain and supply chain cannot be separated from the smooth and efficient circulation of industrial re-sources around the world.