Belt and Road Initiative has brought development opportunities for the packaging industry
1. About the Belt and Road Forum
The third Belt and Road Forum for International Cooperation, is holding now in China Capital Beijing!
At the meeting, China and Vietnam, Thailand, Indonesia and other countries conducted in-depth exchanges.
2023 is the 15th anniversary of the establishment of China-Vietnam comprehensive strategic cooperative partnership.The two sides agreed to actively promote the alignment of their development strategies, accelerate high-quality cooperation in jointly building the Belt and Road, strengthen border road and railway connectivity, build a diversified, efficient and strong logistics channel system, ensure the smooth flow of border ports, accelerate the opening and upgrading of ports and infrastructure connectivity, promote smart port cooperation, and accelerate the integrated development of industrial chain and supply chain. Strengthen exchanges and mutual learning between state-owned enterprises, and actively explore the strengthening of bilateral and multilateral cooperation in key mineral fields. Vietnam will continue to create a good business environment for Chinese enterprises to invest and do business in Vietnam.
China congratulates the new Thai parliament and Cabinet on their smooth performance of their duties and stands ready to deepen political mutual trust with Thailand, continue to firmly support each other, jointly build a China-Thailand community of shared future, and push China-Thailand comprehensive strategic cooperative partnership to a new level.
President Xi Jinping and Indonesian President Joko Widodo jointly inaugurated the official operation of the Jakarta-Bandung High-speed Railway and witnessed the signing of a number of bilateral cooperation documents on the establishment of a coordination mechanism for Belt and Road cooperation, implementation of the Global Development Initiative, rural development and poverty reduction, sustainable development, inspection and quarantine and so on.
China has Memorandum of Understanding between the Ministry of Commerce of the People's Republic of China and the Department of Trade and Industry of the Southeast Asian countries on Electronic Commerce Cooperation.
2. The Belt and Road Initiative has brought development opportunities for the global development of the packaging industry
Under the influence of the international environment such as the improvement of labor productivity, the acceleration of technological breakthroughs, and the change of the comprehensive cost of manufacturing, the global manufacturing layout is gradually adjusting, accelerating the transfer to Southeast Asia, South Asia, Africa and other cheaper regions. With the continuous improvement of China's industrial system and the rapid upgrading of industrial structure, China will continue to promote the high-end development of manufacturing, and a large number of low-end manufacturing capacity will flow orderly with market demand. At the same time, the expanding consumer groups in Southeast Asia have also brought great impetus to the development of local manufacturing. Southeast Asia has become one of the most dynamic and promising regions in the world for economic development. Taking Malaysia as an example, its GDP has grown by 34.9% since 2010, with an average annual growth rate of more than 5%. The rapid development of the industry has led to the demand for packaging and other industries, the demand for corrugated paper in the Malaysian market is expected to exceed 1.3 million tons, and maintain an annual growth of about 6%, and the current market total production capacity of about 1 million tons, the market is in short supply, and the development potential of the packaging industry is big.
Asian countries will continue to be the main development area for the metal packaging industry
Southeast Asia has become one of the most dynamic and promising regions in the world for economic development. Facing the vast manufacturing market, Southeast Asian countries have strengthened the strategic layout to guide the local development of manufacturing. Vietnam has vigorously increased its support for foreign investment, and the government has vigorously built industrial zones and development zones and introduced a large number of tax breaks and preferential policies, attracting many foreign companies to build factories, while driving a series of supporting development, including the packaging industry. In order to revitalize industrial development and realize economic transformation, Malaysia actively attracts foreign investment and promotes the development of international trade by relying on its unique transportation advantages in close proximity to the "golden waterway" Malacca Strait and its rich natural resources. At the same time, Southeast Asia, as an important node of the Maritime Silk Road in the "Belt and Road" initiative, will receive support from China and Southeast Asian countries in terms of funds and policies in the development of the manufacturing industry, which will provide a good policy environment for the development of the packaging industry, a typical production-oriented service industry.
The level of economic development in Southeast Asia is relatively clear. Singapore, Brunei, Thailand and Malaysia are relatively developed markets in Southeast Asia, followed by the Philippines, Vietnam and Indonesia. Due to the differences in economic development and technical level, the high-end packaging industry is mostly distributed in relatively developed areas.
3. Chengdu Changtai Intelligent Equipment Co., Ltd. specialize in research, development, production and sales of automatic can equipment, as well as the semi-automatic can making equipment, etc.
We believe that in the future, Southeast Asia has the talent, resources and policy environment for the development of the packaging industry, but also an important part of the development of the "Belt and Road", driven by the "Belt and Road" construction and consumption upgrading, the global packaging industry is gradually transferring the layout, Southeast Asia will become an important position of industrial competition in the future.
Chengdu Changtai Intelligent Equipment specializing in making automatic can body welding machine and semi-automatic backward seam welding machine, It will be recognized by more Southeast Asian customers and users all over the world.
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Post time: Oct-18-2023