CISCE showcases country's key position in global supply chains

Despite geopolitical tensions and the United States' repeated push for "decoupling" of the supply chain, US companies have displayed great enthusiasm for the first China International Supply Chain Expo due to be held in Beijing from Tuesday to Dec 2.

The event will see the participation of 515 domestic and foreign companies, as well as international organizations, with about 20 percent of its international exhibitors being US companies such as Amazon, Apple, Intel, ExxonMobil, Tesla, Intel, Qualcomm, Honeywell, and GE Health-Care, many of which view the CISCE as a platform for launching new products, technologies and services, and an opportunity to promote exchanges for innovations and collaborations.

Spread across 100,000 square meters, the exhibition features five supply chains — smart vehicles, green agriculture, clean energy, digital technology and healthy living. There is also a supply chain service exhibition area. With the US increasing trade restrictions on China and some foreign enterprises having moved their supply chains out of China, the idea behind the expo is to demonstrate the self-sustaining ability of China's manufacturing chain and how China is still the top destination for manufacturers.

The theme of the first CISCE is "Connecting the World for a Shared Future". In the spirit of "Joint Contribution, Extensive Promotion, and Shared Benefits", the expo aims to provide a new, high-end platform for enterprises to expand trade and investment cooperation, pool together innovation, and learn from each other.

Despite the West advocating "de-risking" and trying to exclude China from its supply chains, China has increased investment in "self-sufficiency" in key industries and achieved technological breakthroughs in many areas. This has led Western businesses to realize that it is impossible to exclude China from their supply chains.

Many foreign enterprises believe that the mature ecosystem established in China not only ensures competitive prices, but also provides stable quality when mass-produced. Pushed by the US-led West in recent years, global supply chains are getting longer and more complex, but their origins remain largely unchanged.

The US move to diversify its supply chains does not exclude China from its supply chains, but simply allows more Asian traders to act as "middlemen" between it and China. In information technology, for example, companies in India and Vietnam are sourcing more products from China and selling them to the US, even as the share of US customers for Chinese suppliers has declined.

The fundamental reason why China has become the top choice for the global business community lies in the strong resilience, great potential, the vitality of China's economy, and the huge size of the Chinese market.

GUANCHA.CN