China Must Tackle Supply Shortage and Cut Import Reliance: Daily

China needs to tackle its supply shortages, including the lack of microchips, raw material and shipping containers, which limit its economic growth, the official Economic Daily said in an editorial. It should immediately boost its domestic production of resources such as iron ore and crude oil to reduce reliance on imports, boost the reserves of key products and supplies and better utilize its strategic reserves, the newspaper said. China should also promote domestic production of microchips and other industrial components that rely on imports, such as high-end generators and machine tools, the newspaper said.