32% of participants at China's 2nd CISCE to be from overseas exhibitors
The second China International Supply Chain Expo (CISCE) is set to take place in Beijing from November 26 to 30, as announced by the China Council for the Promotion of International Trade (CCPIT) on Monday. This year, overseas exhibitors are expected to account for 32 percent of the total participants.
Under the theme "Connecting the World for a Shared Future," this year's event will aim to enhance international collaboration in industrial and supply chains. The expo will also include a variety of supporting activities, such as promotional events, seminars, exchanges, and the release of achievements.
The exhibition area has grown to 120,000 square meters, up from last year's 100,000 square meters. Over 600 companies, both domestic and international, are expected to participate, representing a 20-percent increase in exhibitors compared to the previous event.
Attendees from more than 100 countries and regions are anticipated, with visitor numbers expected to surpass last year's figures.
As the world’s first supply chain-themed exhibition, the CISCE intends to connect the upstream, midstream, and downstream sectors, uniting large, medium, and small enterprises. It aims to coordinate actions between industry, academia, research, and practical applications while fostering interactions between Chinese and international businesses.
During the opening ceremony on November 26, a Beijing initiative aimed at achieving stable and smooth global industrial and supply chains will be introduced.
**Economic restrictions and fair trade**
In light of recent trade restrictions imposed by the U.S. and the European Union regarding China, CCPIT Vice Chairman Zhang Shaogang remarked at the press conference that such economic and trade measures are unilateral actions that violate World Trade Organization rules and adversely affect global cooperation in industrial and supply chains.
"On behalf of the Chinese business community, the CCPIT and the China Chamber of International Commerce express firm opposition," Zhang stated. He called on the U.S. and Europe to honor market economy laws and fair competition principles, urging an immediate cessation of these practices. He advocated for practical measures to protect the multilateral trading system centered on the WTO, encouraging the resolution of disputes through consultation and dialogue to promote mutual benefits and global economic progress.
Zhang emphasized that this perspective reflects the common view of the global business community. Recently, representatives from the Chinese and U.S. business sectors introduced a joint proposal on Asia-Pacific supply chain cooperation principles at the third meeting of the APEC Business Advisory Council for 2024, which calls for open collaboration, non-discrimination, and adherence to WTO regulations.
According to Zhang, a recent survey conducted by the CCPIT involving over 400 key foreign-invested enterprises revealed that 64.9 percent and 66.6 percent of respondents believe that the foreign investment policies enacted by both China's central and local governments have been supportive. These companies expressed optimism about China’s commitment to a high-level opening-up.
He also mentioned that the proportion of overseas exhibitors at this year’s CISCE reached 32 percent, surpassing last year, with American companies leading and a significant increase in both European and Japanese enterprises compared to the inaugural event.
"This indicates that foreign investment remains optimistic about the Chinese market, reaffirming China's status as a preferred partner for supply chain cooperation in global resource allocation," Zhang concluded.
Lucas Dupont for TROIB News