Amidst a world grappling with geopolitical uncertainties and shifting trade dynamics, China is stepping up to reinforce global supply chain stability. Hosting the second China International Supply Chain Expo (CISCE) from November 26 to 30 in Beijing, China aims to “Connect the World for a Shared Future.”
Recognized as the global hub of supply chain networks, the Chinese mainland has integrated multinational corporations into extensive value chains, establishing open and inclusive supply chains that meet contemporary global demands and challenges. The CISCE serves as a pivotal platform to navigate the negative effects of global supply chain disruptions and to create robust, effective, and dynamic strategies.
This year’s Expo will bring together over 600 companies from more than 100 countries and regions. Notably, foreign exhibitors account for 32 percent of the total, up from 26 percent last year. The increased participation from companies in the U.S., Europe, and Japan reflects growing international confidence in the Chinese market and a desire to collaborate with Chinese supply chain partners for global resource allocation.
In a significant move to enhance the position of Global South countries in the global supply value chain, China has extended invitations to African exhibitors, fostering inclusivity and expanding opportunities across continents.
The Expo will showcase six key industrial chains: advanced manufacturing, digital technology, green agriculture, clean energy, smart cars, and supply chain services. Over 70 innovative products will be on display, connecting global businesses with vital links in the supply chain and addressing challenges in the current global trade structure.
Hubei Province in Central China, the honored guest province at this year’s CISCE, is set to collaborate with international companies to construct robust supply chains, further solidifying China’s role in global industry.
As the only nation with a fully-functional industrial system acknowledged by the UN, the Chinese mainland is integral to the global industrial supply chain. Decoupling any business sector from the world’s second-largest economy would significantly impact the entire global business ecosystem.
With effective logistics, highly qualified technical workers, and advanced industrial infrastructure, China continues to contribute to the growth of the global economy. Through high-quality international trade, partnerships, investments, technology transfer, and scholarship exchanges, it enhances its share of the global supply chain.
In an era where artificial inefficiencies obstruct development and any interruption in one chain affects the whole network, China’s efforts to stabilize and enhance collaboration are crucial. The second CISCE is not just an event; it’s a beacon of hope for businesses and economies worldwide seeking resilience and growth amidst challenges.
Reference(s):
2nd CISCE: China contributes to the global supply chain stability
cgtn.com
