Beijing hosted a matchmaking event Thursday to deepen communication between enterprises while setting the stage for the upcoming Second China International Supply Chain Expo (CISCE).
The event, which drew over 300 representatives from foreign embassies, international business associations, and both Chinese and foreign enterprises, sought to bolster the resilience and stability of global industry and supply chains.
"We will be guided by innovation, adhering to the principles of internationalization, professionalization, market orientation, and sustainability in organizing the event. The aim is to help Chinese and foreign enterprises gain more market share, investment, cooperation and growth opportunities, and build a more resilient and dynamic industrial and supply chain ecology, " said Ren Hongbin, chairman of China Council for the Promotion of International Trade, host of the expo.
Building on the success of last year's expo, which saw over 200 cooperation deals and tentative deals signed, the second CISCE is set to introduce a new "advanced manufacturing chain" exhibition section.
Seven new companies and organizations have signed up at the matchmaking event to participate in the second expo. Other companies shared their insights about the expo, as well as their plans to take part.
"We will continue to showcase our company's strategy of being rooted in China while aligned with global health. This year, we will focus on presenting three major chains: the innovation ecosystem chain, the smart manufacturing chain, and the new quality health chain," said Zhou Xiaping, President of Novo Nordisk Greater China.
"This is our first time participating in this expo. The Chinese market itself is a big market, now the Chinese market is very sophisticated. So we need to be really creative and smart in order to fulfill the needs of the Chinese market. We always are looking for opportunities," said Takeo Keizo, managing director of Sumitomo Electric Industries China.
More than 600 companies and organizations from over 60 countries have confirmed their participation at this year's expo so far, with over 60 percent of the international companies taking part being industry leaders.
Notably, international exhibitors will make up over 30 percent of participants, with more than 60 percent of these being Fortune 500 companies or industry leaders.
The expo's exhibition area is set to expand beyond last year's 100,000 square meters, reflecting growing international interest in China's supply chain initiatives.
The Second China International Supply Chain Expo is scheduled for Nov. 26, till Nov. 30.
Beijing holds matchmaking event for second China Int'l Supply Chain Expo
Beijing holds matchmaking event for second China Int'l Supply Chain Expo
China has stressed open cooperation amid the trade dispute on electric vehicle (EV) exports from China to the European Union (EU).
The EV trade dispute continues to draw widespread attention, with just over a month to go before the EU reaches a decision regarding the definitive duties it plans to impose on Chinese EVs.
Over the past few days, Chinese Minister of Commerce Wang Wentao has been in Europe for discussions on the EU's anti-subsidy probe into Chinese EVs. This was on top of the more than 10 rounds of consultations already conducted between the Chinese and European working teams regarding the matter over the past few months.
On Wednesday, Wang chaired in Brussels the China-EU Electric Vehicle Industrial Chain Enterprises Roundtable, which was attended by leaders from nearly 30 Chinese and European companies as well as related industry association. Representatives at the meeting exchanged views on finding a proper solution to the EU's anti-subsidy case and continuing to deepen China-EU EV industrial chain cooperation.
Noting the high interdependence of the Chinese and EU automobile industries as a result of 40 years of fruitful industrial cooperation, Wang said the Chinese and European automobile industries "are at a critical crossroads" and that "open cooperation is the best option."
In the face of the EU's anti-subsidy investigation into China's electric vehicles, China will continue its efforts to negotiate and resolve the issue until the last minute, he said.
A German delegation explored intelligent manufacturing cooperation in southwest China's Chongqing Municipality from September 4 to 7, seeking market expansion and joint ventures, and signing agreements on key projects.
During the visit, German enterprises expressed dissatisfaction with the EU's plan to impose tariffs on imported Chinese EVs.
"I don't think this is a good way because it must be a free market. Free markets in the world are the most successful, and so this is not the way I would like to do it. If you have a good product, in whichever country, then you can sell it, you can buy it and you will get feedback. And if the quality is good and then it will work, it will go on. And so you need not like tariffs or something like that. An open free market is the best," said Rudiger Schmidt, CEO of Oskar Kammer Schule.
"The EU and the German government made some mistakes now with China. And to be honest, I don't know why they will make energy tariffs on China. It's a wrong way. I think that we will save jobs in troubled industries not with these things. We need other concepts here. It's better securing jobs, locations and industries than protectionism or super taxes for Chinese products," said Uwe Kurt Fritsch, managing director of Uwe Fritsch Beratung and Strategie GmbH.
China stresses open cooperation amid EV dispute with EU
