US business leaders at CIIE highlight stabilizing role of US-China trade

US business leaders at the ongoing 7th China International Import Expo (CIIE) in Shanghai have emphasized the stabilizing role of trade between the U.S. and China relations, stressing the importance of continued collaboration to navigate global challenges. Kevin Kolevar, vice president of Global Policy and Government Affairs at Dow Chemical Company, highlighted that the business relationship between the two countries is not only crucial for bilateral ties but also plays a key role in global stability.

"What we know as Dow is that the bilateral relationship between the United States and China is critical, and that business relationship between the two countries is a fundamental stabilizing force, not just for the bilateral relationship between China and the U.S., but also the U.S. and other countries around the world. So, we work very hard to make sure that the business community is a positive voice for moderation in the political environment that we see today. And [there is] a need to collaborate for business reason and other reasons," said Kolevar.

Echoing this sentiment, Jerry Felton, CEO of Melaleuca, a U.S.-based online wellness company that has been operating in China for more than two decades, emphasized the importance of maintaining a constructive trade relationship despite occasional conflicts.

"Regarding U.S. and China relations, specifically in the trade arena, I think there's always great opportunity. Of course, there is conflict and there is disagreement, but in the end, I think two great partners and two leaders of the global industry, they [should] come together, and figure out a way. For us, as an American company operating in China - we've been here for 22 years, and China continues to open its doors, and as long as we are providing great service and great value, that relationship will continue to strengthen," said Felton.

The CIIE, which runs from Tuesday to Sunday, has attracted 3,496 exhibitors from 129 countries and regions this year. The event also marks a significant milestone with the participation of 297 Fortune Global 500 companies and leading industry players from around the world.

US business leaders at CIIE highlight stabilizing role of US-China trade

China's warehouse storage sector maintained expansion in March, according to the index released by the China Federation of Logistics and Purchasing (CFLP) on Thursday.

In March, China's warehousing index reached 50.8 percent, rising by 0.6 percentage points from the previous month and remaining in the expansion zone for the fifth consecutive month.

Driven by policies aimed at promoting consumption, demand for warehousing services continued to grow steadily, with the consumer goods market performing particularly well. Warehousing demand for food, household appliances, textiles, and daily necessities surged, leading to a significant rise in the new order index.

"The warehouse storage sector has remained in the expansion range for five consecutive months, reflecting the overall stability of the warehousing sector. The demand for warehousing in the livelihood consumption sector continues to strengthen, boosting activity across the entire warehousing sector," said Liu Yuhang, director of the China Logistics Information Center.

In terms of inventory levels, the average inventory turnover index reached 54.5 percent in March, an increase of 8.2 percentage points from the previous month, entering the expansion range. Overall, in the first quarter, the warehousing sector continued to expand, business demand maintained steady growth, and the industry operated smoothly and efficiently.

China's warehousing storage sector maintains expansion in March