Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, November 06 2020 - 15:53
AsiaNet
"In Shanghai, China meets the U.S." --connect now with the future, the second in a short series of four episodes
SHANGHAI, Nov. 6, 2020 /PRNewswire-AsiaNet/--

A news report by T house:

During this year's China International Import Expo, Zou Yue, Chinese host and 
opinion leader, visited Tesla's Shanghai Giga Factory and Yangshan Phase IV, 
the world's largest port run by robots, to witness American businesses booming, 
trans-Pacific trade soaring, and to film a short series of four episodes 
entitled "In Shanghai: China Meets the U.S." The second episode explores the 
vibrancy and connection between the two.

Video - https://mma.prnewswire.com/media/1327710/Video.mp4
Logo - https://mma.prnewswire.com/media/1327711/1_Logo.jpg

The decoupling idea put forward by some U.S. politicians has triggered worries 
about whether the world's two largest economies will sever their connections. 
Zou Yue's trip to the Tesla Shanghai Giga Factory shows an innovative 
technology moving fast and rolling out cars even faster. The 
multibillion-dollar factory is crucial for Tesla's global ambition since China 
is already the largest market for electric cars. Success there will strengthen 
the company back home and lead to more export jobs.

In the episode, Wang Shouwen, vice minister of commerce and China's deputy 
international trade representative predicts that the foreign-invested 
enterprises (FIEs) focusing on the Chinese domestic market will expand their 
supply chains in China further.

A 2019 McKinsey report highlights how the world's connection to China is 
increasing every day, because it is a market, supplier and provider of capital 
all in one. At Yangshan port, shipping trade across the Pacific grew by 20 
percent in August, despite the impact from COVID-19 and the tariff war.

China has a broad spectrum of strong off-stream suppliers and downstream 
clients, making supply chains in China reliable and less vulnerable to 
disruptions. American efforts to decouple from China would only mean an America 
decoupling itself from the world.

For more details on this series, please refer to:
http://www.facebook.com/thouseopinions 

The source of this press release:
http://www.facebook.com/watch/?v=379190836567843 

SOURCE: T house