【CGTN】Global Supply Chain Expo in Beijing is organized by CCPIT

The China Council for the Promotion of International Trade is the organizer of the global supply chain expo in Beijing. The group's vice chairman Yu Jianlong tells our reporter Bi Ran the highlights of this year's event and why he believes in stronger supply chain integration.

BI RAN CGTN Reporter "As the organizer of this year's international supply chain expo, what do you see as the highlights of the event in terms of internationalization and professionalism? What role does the expo play in promoting these concepts?"

YU JIANLONG Vice Chairman China Council for the Promotion of International Trade "The first CISCE was a huge success that won widespread positive feedback from all sectors at home and abroad. Building on that, the second edition keeps the theme of Connecting the World for a Shared Future and features exhibition on international cooperation in industrial and supply chains. International organizations such as UNCTAD, UNIDO, WIPO, ITC and ICC continue to be the supporters of the second CISCE. A total of 600 plus exhibitors come from roughly 70 countries and regions, with overseas exhibitors accounting for 32 percent, up from 26 percent last year. The second CISCE features a new chain of advanced manufacturing, where 80 Chinese and foreign-invested companies will showcase leading-edge products, and technologies from front-end R&D to end application. Instead of arm-wrestling between competitors, it is about joining hands with partners. Everyone will find their experience at CISCE interactive, immersive, and full of 'chain' vibes."

BI RAN CGTN Reporter "How do you view the stability and smooth functioning of global supply chains? How do you see the practice of decoupling and breaking supply chains?"

YU JIANLONG Vice Chairman China Council for the Promotion of International Trade "Industrial and supply chains are the lifeblood of economic development, and their resilience and stability is essential for global economic growth. Research by the World Bank indicates that one percent increase in global supply chain participation can boost global per capita income by over one percent. However, as the world navigates a new era of turbulence and transformation, unilateralism and protectionism are on the rise. CISCE is the first national-level exhibition dedicated to supply chains. It is designed to address the challenges of our times, and create a platform to foster dialogue, deepen collaboration, and pursue shared development."

BI RAN CGTN Reporter "U.S. companies have shown high enthusiasm for participating in this year's expo, including several influential Fortune 500 companies. What are your expectations for China-U.S. trade relations, particularly regarding the direction of bilateral trade following Donald Trump's recent election victory?"

YU JIANLONG Vice Chairman China Council for the Promotion of International Trade "This year, prominent American Fortune 500 and multinational companies – including Apple, Tesla, Google, Nike, Cargill, Micron, and GE Healthcare, are sending senior executives to lead their delegations. Despite recent fluctuations in China-U.S. relations, the foundation of bilateral economic and trade cooperation remains robust. In 2023 alone, 1,920 new U.S.-invested enterprises were established in China, and 80 percent of American companies in China plan to reinvest their profits this year. McDonald's opened more new stores in China than in any other market last year. In Tesla's Shanghai Gigafactory, a car rolls off the assembly line in every 30 seconds on average. We invite more American companies to invest and grow their business in China and look forward to deeper dialogue and cooperation between the two countries on global challenges, including climate change and artificial intelligence. These joint efforts will not only benefit China and the U.S. but also contribute to the greater prosperity of the world."