China will encourage domestic enterprises to integrate more deeply into global industrial and supply chains through “high-level opening-up” of its manufacturing sector, a senior government official said on Monday. The push comes after profits at China’s industrial firms slumped 22.9% in the first two months of 2023 from the year before, with the factory sector struggling to recover from COVID-related disruptions, and as western nations seek to make themselves less dependent on Chinese suppliers. The world’s second-largest economy aims to build open and co-operative industrial and supply chains and deepen co-operation to achieve win-win development, Jin Zhuanglong, the industry and...