Business & IndustryAnalysis

Vice Premier He Lifeng Calls for Global Mining Supply Chain Stability

Addressing the 2026 China Mining Conference, Beijing stressed respect for resource sovereignty alongside support for financial leasing and trade platforms in Tianjin.

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Open-pit mine with large trucks and excavators under blue sky.
Photo by Deyler Rivera Segura on Pexels

The Brief

Chinese Vice Premier He Lifeng addressed the opening of the 2026 China International Mining Conference in Tianjin, emphasizing that international mining cooperation is essential to safeguarding global supply chains. Speaking at a ministerial forum, He stated that China respects other nations' mineral resource sovereignty while seeking deeper pragmatic collaboration. During an inspection tour of Tianjin, He also visited several innovation and trade zones, calling for accelerated development in financial leasing, cross-border e-commerce, and regional integration under the Beijing-Tianjin-Hebei initiative.

Why it matters

Against the backdrop of intensifying global competition over critical minerals and ongoing supply chain realignments, Beijing's explicit reaffirmation of national resource sovereignty serves as a reassuring signal to resource-rich partners. Domestically, the high-level inspection highlights Tianjin's targeted role as a specialized hub for trade services like financial leasing and bonded logistics.

China context

China is both the world's leading processor of many industrial minerals and a major producer of heavy mining machinery, while remaining heavily dependent on raw material imports. Vice Premier He's dual agenda in Tianjin directly connects Beijing's multilateral resource diplomacy with domestic regional integration priorities under the Beijing-Tianjin-Hebei coordinated development plan.

Editor's View

EDITOR'S VIEW — Analysis and inference, not factual reporting. Beijing's pledge to honor mineral resource sovereignty addresses growing resource nationalism across mineral-rich emerging economies, many of which increasingly restrict raw ore exports to foster domestic value addition. By framing China's role around mutual benefit, green growth, and equipment supply, senior officials seek to differentiate Beijing as a flexible commercial partner while leveraging northern maritime hubs like Tianjin to handle financing and logistics for global flows.

What to watch

  • Potential bilateral mineral framework agreements or memorandums signed between China and resource-exporting nations following the forum.
  • Municipal policy measures in Tianjin offering regulatory or tax incentives for cross-border e-commerce and financial leasing operators.
  • Commercial delivery contracts and export trends for Chinese mining machinery manufacturers represented at the exhibition.

Key Takeaways

  • 1Vice Premier He Lifeng addressed the 2026 China International Mining Conference and a ministerial cooperation forum in Tianjin.
  • 2He emphasized respect for national mineral resource sovereignty and called for stable global industrial and supply chains.
  • 3Before the opening ceremony, He inspected an exhibition dedicated to mining machinery and equipment.
  • 4He toured several Tianjin industrial zones, urging local authorities to expand financial leasing, cross-border e-commerce, and regional integration.
Chinese Vice Premier He Lifeng called for deeper international mining partnerships and the protection of global industrial supply chains during the opening ceremony of the 2026 China International Mining Conference and the Mining International Cooperation Ministerial Forum in Tianjin, state media reported. According to an official Xinhua report, He framed cross-border mining cooperation as a practical necessity for maintaining resilient global industrial and supply chains while enabling countries to leverage complementary resource advantages. He emphasized that China fully respects the mineral resource sovereignty of other nations and supports their right to independently choose resource development and industrial pathways suited to their domestic conditions. China, he added, seeks all-around pragmatic cooperation aimed at shared, sustainable mining growth. Addressing attendees, He noted that under the vision of building a community with a shared future for mankind, China has actively implemented major global initiatives to explore high-quality development paths in the mining sector. He stressed that mutual respect, peaceful coexistence, and mutually beneficial cooperation have defined Beijing's resource relationships with international partners to date. Prior to the opening ceremony, He conducted an inspection of the accompanying mining machinery and equipment exhibition hall. During his time in Tianjin, He also conducted on-site inspections of major economic development hubs, including the Sino-Singapore Tianjin Eco-City, the Tianjin Binhai-Zhongguancun Science and Technology Park, national-level economic and technological development zones, and comprehensive bonded zones. He instructed officials to deepen the implementation of the Beijing-Tianjin-Hebei coordinated development strategy, capitalize on the municipality's policy and geographical advantages, and accelerate urban renewal efforts. He specifically directed local authorities to upgrade open platforms and provide policy support for emerging trade and commercial models, such as cross-border e-commerce, financial leasing, and modern logistics and warehousing. These initiatives, he noted, should bolster high-level opening-up and advance high-quality economic development across the northern port hub.