News Snapshot:
Local governments across China are rushing to appoint their own âsupply chain chiefsâ, a new title emerging as part of a quasi-military command system for corporate governance in an effort to add some muscle to local support of Beijingâs self-sufficiency drive amid a protracted trade rivalry with the US. Guangzhou, the capital of southern Guangdong province, is the latest to adopt the supply chain chief system, which appoints top city officials as âgeneral chiefsâ for specific industries, while also naming leaders of key businesses as âsupply chain ownersâ. Guangzhouâs policy has appointed chiefs of 21 industries, including new energy vehicles...