China releases 2024 Digital Supply Chain Development Report

The China Federation of Logistics and Purchasing released the 2024 China Digital Supply Chain Development Report on Friday, highlighting a trend of diversification in the country's supply chain digital transformation.

The report pointed out that the penetration of artificial intelligence (AI) technology across various stages of enterprise supply chains has significantly increased.

During the digital transformation of supply chains, manufacturing is the most involved aspect of enterprises' supply chain digitalization. In the key projects surveyed for the digital supply chain, 70 percent of the companies have achieved supply chain information collaboration through digital means.

The report said that key projects in China's digital supply chain accelerated in 2023.

Through examining 1,530 key digital supply chain projects in the country, the study found that big data, AI, and the Internet of Things are the most compatible digital technologies for enterprises' digital supply chains.

The emergence of large AI models, in particular, has significantly increased the penetration of artificial intelligence technology across various stages of enterprise supply chains.

China calls on the Philippines to stop infringement activities and provocations at once and not to challenge China's firm resolve to defend its lawful rights and interests, Foreign Ministry spokesman Lin Jian said on Wednesday.

Commenting on the claim by the Philippines saying that the China Coast Guard fired water cannon at a Philippine vessel, Lin said Huangyan Dao has always been China's territory, and the Philippines sent Coast Guard and official vessels there and tried to intrude into China's territorial sea surrounding Huangyan Dao.

"In response, China did what was necessary to protect our territorial sovereignty and maritime rights and interests in accordance with the law. The measures are justified, lawful, professional and restrained," he said.