China International Supply Chain Expo to see 36% foreign exhibitors from Europe, US as companies say no to ‘decoupling’

The first China International Supply Chain Expo (CISCE) will have 26 percent international exhibitors, with 36 percent of that group coming from Europe and the US, event organizer said on Monday, as global companies show their opposition through actions to the so-called decoupling moves by some Western countries.

Global companies from more than 50 countries and regions will participate in the event, Ren Hongbin, president of the China Council for the Promotion of International Trade (CCPIT), the event organizer, said in an article published in the People’s Daily on Monday.

Many of the Fortune Global 500 companies, the top 500 companies in China and China’s top 500 private companies, as well as smaller but highly successful “hidden champions,” will participate, jointly promoting international cooperation in industry and supply chains, Ren said.

The CISCE is set to be held in Beijing from November 28 to December 2. It is the world’s first supply chain-themed national-level exhibition, with the aim of providing an international platform for advancing orderly and efficient industrial synergy across countries.

The exhibition area is expected to exceed 100,000 square meters, providing display spaces for domestic and international enterprises from five major chains – smart cars, green agriculture, clean energy, digital technology, and health and lifestyles, the Xinhua News Agency reported.

During the expo, the CCPIT will issue a global supply chain promotion report, shedding light on driving technological innovation, enhancing connectivity and fostering the inclusive development of the business sector.

The expo highlights China’s commitment to stabilizing and strengthening the global supply chain, despite Western countries’ calls for “de-risking” from China. The wide participation of global companies showcases their eagerness to deepen ties with China, share business opportunities in China’s opening-up and reject the so-called decoupling moves, experts said.

“It shows the urgent desire of the international business community to maintain a stable and smooth industry supply chain, strengthen cooperation, and share their experience and technologies through participation in the exhibition,” Hong Yong, an expert at the Digital Real Economies Integration Forum 50, told the Global Times on Monday.

Hosting the expo also showcases China’s open and cooperative stance, fosters trade cooperation, expands the supply chain network, promotes collaborative development and addresses challenges to enhance the resilience and sustainability of the global supply chain, Hong noted.

China is firmly committed to maintaining the smooth operation of industry and supply chains and has demonstrated its responsibility as a major country by ensuring the stability of global industry and supply chains, with manufacturing advantages, a massive market scale and high-level opening-up.

The manufacturing industry of China, known as the “world’s factory,” has been the world’s largest for 13 consecutive years, accounting for nearly 30 percent of the global share, with leading shares in high-end manufacturing, new energy and 5G, Ren said.

As the second-largest consumer market in the world, China has been actively expanding its imports and reducing tariff levels. The country has been the world’s second-largest importer for 14 consecutive years, and it has ranked second in attracting foreign investment for five consecutive years, Ren said.

The CCPIT will make every effort to ensure that the CISCE becomes a world-class expo, so as to promote the development of a resilient global industry and supply chain system, and contribute to the recovery of the world economy and global development and prosperity, Ren said.

(Global Times)

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