Finance Association, July 2 (Reporter Guo Songqiao) “So far, no country can replace China in the supply chain, especially in terms of scale and efficiency.” Svien Tyldum (Svien Tyldum), CEO of Vistaxin Group North Asia, said in an interview with the Financial Federation.

Svien Tyldum (Svien Tyldum) told CFA reporters that at present, many Chinese companies are very mature and competitive on a global scale. If we want to continue our long-term development, we need to enter some new regions, such as Europe, America, India, Southeast Asia, the Middle East, etc.

Tai Siwen said he expects China to achieve higher quality and greener growth. Globally, China's ability to innovate is obvious to all. In particular, rapid growth in advanced fields such as electric vehicles, machine tools, solar panels, energy storage equipment, and next-generation ships will give new momentum to the Chinese economy. China will continue to be an important contributor to global economic growth. The rise of China has reshaped the global development pattern and will further influence global business development.

Tai Siwen believes that whether judging from the data for the first quarter or the first half of the year, China's economy has a very strong foundation and a positive trend. China's extensive international cooperation has created huge room for development. For example, cooperation between China and the Gulf countries is entering a new stage, bringing many opportunities in clean energy, logistics, supply chains, new payment methods, and financial services.

However, Svien Tyldum (Svien Tyldum) also explained that China's economic growth is on the right track, but the recovery is still tepid, and it is still facing structural challenges.

In terms of foreign investment, China is an important source of innovation, talent, and global competitors. If they want to compete on a global scale, multinational companies must learn how to compete in China, and at the same time, they should reconsider their own development strategies.

There have been changes in the supply chain. However, up to now, in terms of scale and efficiency, no country can replace China in the supply chain, especially in terms of high-end products, such as clean technology.

Svien Tyldum (Svien Tyldum) said that there may be some foreign-funded automobile companies. Originally, they had three factories in China, but this change will be very slow and will take 5, 10, or even 20 years. It is important to note that multinational companies will still retain a very large share in China, because they still need to serve the huge local market in China. Moreover, for many products, China is also the biggest market. As can be seen, multinational enterprises are currently also actively localizing in China, including the localization of supply chains.

At the same time, China's foreign investment, particularly in Southeast Asia, is also growing.

At present, we can also see the emergence of new growth corridors. For example, the development of relations between China and the countries of the Gulf region has entered the second stage. New growth corridors have brought new opportunities, particularly in clean energy, logistics, supply chains, emerging payment methods, and gaming and financial services.

Tai Siwen placed special emphasis on the need to have a deep understanding of the global supply chain and improve the ability to map the supply chain. Such maps include data related to local infrastructure, construction, etc. There are many companies that do not consider these factors and invest in regions where there is no such supply, so they encounter problems and affect operations.