BEIJING, Nov. 21,
2024 /PRNewswire/ -- This is an article
from China.org.cn:
Chinese President Xi Jinping has emphasized that in a world of
economic globalization, only by upholding openness and cooperation
in global industrial and supply chains can win-win development be
achieved. The resolution adopted at the third plenary session of
the 20th Central Committee of the Communist Party of China (CPC) proposed facilitating
international cooperation in industrial and supply chains. In
alignment with these instructions, the China Council for the
Promotion of International Trade (CCPIT) has embraced its mission
by safeguarding the public-good nature of industrial and supply
chains, fostering connections between government and business,
integrating domestic and global markets, and streamlining
coordination between supply and demand. As part of these efforts,
the CCPIT is meticulously preparing for the second China
International Supply Chain Expo (CISCE), so as to contribute to the
development of an open global economy and the building of a
community with a shared future for humanity.
Rapid reconstruction of global industrial and supply
chains
The world today is undergoing major changes unseen in a century.
Profound and complex shifts in the international political and
economic landscape are marked by frequent local conflicts and
turmoil, intensified rivalries among major powers, and a rising
wave of anti-globalization. Against this backdrop, the
restructuring of global industrial and supply chains is occurring
at an accelerated pace.
On one hand, a new wave of scientific and technological
revolutions, represented by information technology, artificial
intelligence and new energy, is rapidly advancing. Digitalization
and green transition have emerged as the primary directions for
upgrading and modernizing industrial and supply chains. In response
to these sweeping technological and industrial trends, countries
around the world are making forward-looking strategies and
investments. Breakthroughs in cutting-edge technologies are
triggering changes in traditional industrial chains, giving rise to
new fields and sectors such as artificial intelligence, green
energy and biomedicine. These developments are significantly
enhancing the efficiency and quality of supply systems, generating
substantial new demand, and creating opportunities for global
cooperation in industrial and supply chains while injecting new
vitality into development.
On the other hand, due to the rise of protectionism, public
health crises and geopolitical turmoil in recent years, industrial
and supply chain cooperation has shown tendencies of politicization
and securitization. Some nations are promoting "decoupling" and
"small yard, high fence" policies, prompting multinational
companies to shift their priorities from pursuing "cost and
efficiency" to balancing "efficiency and security." This trend has
driven global industrial and supply chains toward onshoring,
nearshoring and friendshoring, heightening the risk of economic
fragmentation.
Given the diverse resource endowments and development levels of
different countries, economic and trade cooperation remains the
only viable path to achieving complementary strengths and mutual
benefits. As the world's largest developing country, China has long been committed to its own
development while deeply participating in global industrial and
supply chain cooperation, continuously making new contributions to
the stability and resilience of global industrial and supply
chains.
China as a pillar of
stability for global industrial and supply chains
Security and stability are the cornerstones of development.
Achieving these requires enhancing global resource coordination of
key industrial chains, ensuring that countries and businesses have
reliable partners and stable development expectations.
China has the world's most
comprehensive industrial categories and a well-rounded industrial
system, with manufacturing value-added accounting for around 30% of
the global total, and over 40% of major industrial products ranking
first in global output. In recent years, China's position in mid-to-high-end
industries, such as electronics, electrical equipment and
machinery, has risen rapidly within the global division of labor.
This has provided significant support for the stable operation of
global industrial and supply chains, establishing China as a solid and reliable player in the
global economic system.
The world economy operates as an interconnected whole. It
requires the seamless circulation and effective allocation of
production factors, while China
plays a pivotal role in driving global connectivity.
With high-quality Belt and Road Initiative (BRI) cooperation as
a guide, China has focused on
strengthening the "hard connectivity" of infrastructure and the
"soft connectivity" of rules and standards with partner countries.
To date, China has signed over 200
BRI cooperation agreements with more than 150 countries and 30
international organizations, aligning development strategies,
management rules and standards. Landmark projects such as the
China-Europe Railway Express, the Hungary-Serbia Railway and the
Jakarta-Bandung High-Speed Railway have been completed,
significantly reducing cross-border transportation and transaction
costs while enhancing the quality and efficiency of global
industrial and supply chains.
China pursues a proactive
strategy of opening up and sharing the benefits of its vast market
of over 1.4 billion people with the world. It has become the
primary trading partner for more than 150 countries and regions,
firmly maintaining its position as the world's second-largest
consumer market and the largest trading nation in goods. More than
90% of foreign-funded enterprises in China are oriented toward the Chinese market.
By continuously easing market access, fostering a market-oriented,
law-based and internationalized business environment, and
attracting foreign investment on a global scale, China provides multinational companies with
broad opportunities for growing their global presence.
Openness and inclusiveness are vital for fostering shared
development and prosperity. Promoting the integration of global
industrial and supply chains while driving the green, low-carbon
transition is essential.
Upholding the principles of harmony and coexistence,
China has proposed initiatives on
supply chain cooperation at such multilateral platforms as APEC,
the G20 and BRICS, urging all parties to eliminate non-economic
disruptions in trade relations. China has actively promoted international
cooperation in green development. It has significantly enriched
global supply with high-quality production capacities in electric
vehicles, lithium batteries and photovoltaic products, contributing
to the green development of global industrial chains. China also hosted the ASEAN Plus Three
Industrial Chain & Supply Chain Partnering Conference to help
enterprises in relevant countries integrate into global industrial
and supply chains.
Building closer global industrial and supply chain
partnerships
In line with President Xi's directives, the CCPIT successfully
launched the inaugural CISCE in 2023. This is the world's first
national-level supply chain expo, which has played a pivotal role
in facilitating connections across the upstream, midstream and
downstream sectors, promoting collaboration among enterprises of
all sizes, fostering partnerships between industry, academia and
research, and enhancing dealings between Chinese and international
businesses. As a new open platform for win-win global partnerships,
it strengthens cooperation between China and the world.
The second CISCE is going to take place in Beijing from Nov. 26 to
30, 2024. We will adhere to the principles of
internationalization, specialization, market orientation and green
development in organizing the event. We aim to amplify the expo's
role as a hub for trade promotion, investment cooperation,
innovation and knowledge exchange, working alongside all
stakeholders to build a closer global industrial and supply chain
partnership. This will contribute to the recovery and growth of the
global economy.
We will enhance CISCE's role as a window for high-level opening
up. This year, CCPIT has hosted over 60 roadshows globally,
inviting enterprises and stakeholders from around the world to
participate in the second CISCE. Five international organizations –
the United Nations Conference on Trade and Development (UNCTAD),
the United Nations Industrial Development Organization, the World
Intellectual Property Organization, the International Trade Centre
(ITC) and the International Chamber of Commerce – have joined as
supporting units.
The expo has attracted more than 600 companies and institutions
from nearly 70 countries, a 20% increase from its debut. Notably,
over 60% of participants are either Fortune Global 500 companies or
industry leaders. The percentage of overseas exhibitors has risen
from 26% to 32%, with equal representation from Europe and the U.S and over 40 BRI partner
countries. Delegates from over 100 countries and organizations will
gather to explore the theme of "Connecting the World for a Shared
Future."
We will strengthen the platform to serve the new development
pattern. The 2024 CISCE serves as a bridge for industrial
integration, innovative promotion and market connectivity between
China and the world. It uses
supply chains as a catalyst for long-term collaboration between
Chinese and foreign companies, to foster a precise and dynamic
corporate ecosystem.
The new advanced manufacturing chain exhibition area will focus
on developing new quality productive forces with nearly 80 leading
global enterprises showcasing cutting-edge technological
achievements from front-end designs to end-use applications,
enhancing exchanges with innovation as well as
cooperation.
Over 70 new products, technologies and services will debut
alongside targeted initiatives, such as promoting high-quality
industrial chains in the Yangtze River Delta and showcasing
investment opportunities in the Hainan Free Trade Port. These
efforts aim to turn exhibitors into investors, fostering deeper
engagement and investment of global enterprises in China.
We will enrich mechanisms to foster an open and inclusive global
economy. The CISCE encourages joint participation by Chinese and
international enterprises. For example, Rio Tinto, Bosch, Baowu and
XPeng will jointly depict a comprehensive upgrade of the smart and
green automotive industry. Fonterra, together with its Chinese
supply chain partners, will demonstrate sustainable development of
the "farm-to-table" ecological chain. Lenovo and SAP will highlight
innovations in private cloud and commercial AI.
The expo will release the Global Supply Chain Promotion Report
2024, the Global Supply Chain Promotion Index and the Connectivity
Index as well as will gather Chinese and foreign guests to discuss
sustainable market initiatives and the New International Land-Sea
Trade Corridor, thus providing suggestions for promoting open
global cooperation.
We will broaden practical pathways for building a community with
a shared future for humanity. This year, the CCPIT has been
proactively sharing China's
experiences in strengthening cooperation with global supply chains.
It facilitated a joint APEC proposal on supply chain resilience
with US business leaders, organized a delegation for the UNCTAD
Global Supply Chain Forum and co-hosted a seminar on building
greener and more resilient supply chains with the ITC at the World
Trade Organization Public Forum.
The 2024 CISCE will release a "Beijing Initiative" to promote
international cooperation in industrial and supply chains, and
support the launch of industrial alliance initiatives across its
six key industrial chains and one exhibition area, thus to broaden
global consensus. Focusing on expanding unilateral opening up to
the least developed countries, the CCPIT will support exhibitors
from Africa, the Pacific Islands
and the Caribbean, demonstrating
in concrete actions China's
commitment to inclusivity and shared prosperity.
The author is chairman of the China Council for the Promotion
of International Trade.
This article was written in
Chinese and translated by China.org.cn.
Opinion articles
reflect the views of their authors, not necessarily those of
China.org.cn.
Promoting international cooperation in industrial and supply
chains
http://www.china.org.cn/opinion/2024-11/21/content_117561461.htm
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