Xinhua News Review | Joining Hands to Maintain Stable and Smooth Global Supply Chain
The 4th China International Supply Chain Promotion Expo kicked off on the 22nd. As the world's first national level exhibition with supply chain as its theme, this year's Chain Expo has 676 domestic and foreign enterprises participating, and many multinational chain owners with global influence have made their debut.
More and more foreign companies are turning their attention to the Chain Expo, an important platform that links the global supply chain network, highlighting the common demands and voices of enterprises from various countries who hope to find partners, cooperation, and business opportunities. Especially against the backdrop of protectionism impacting the world economy, frequent geopolitical conflicts, and increasing fragmentation of global industrial and supply chains, the holding of the Chain Expo demonstrates China's determination and sincerity to enhance the resilience of global production and supply chains through practical actions and firmly uphold the multilateral trading system.
The fragility of the global supply chain is becoming increasingly prominent, and it is necessary for all countries to work together and tackle challenges. Currently, consolidating the global division of labor pattern and maintaining stable and smooth global supply chains have become a common consensus among industries in various countries. The Chain Expo provides an efficient platform for global upstream, midstream, downstream, large, medium, and small enterprises to connect and integrate. It helps all parties to explore complementary advantages in industries and establish cooperative relationships, hedge against the disturbance of geopolitical conflicts on the global supply chain, and drive more enterprises to deeply participate in the global value chain, share the global production network, and enhance the efficiency of the global supply chain.
In recent years, China's position as an important hub in the global supply chain has been further highlighted. Many multinational enterprises have relied on China's advantages in market, technology, and institutional openness to achieve "in China, for the world". With a complete industrial system and full chain supporting capabilities, a super large market, improved infrastructure, an efficient modern supply chain service system, a deeply integrated economic and trade network into global division of labor, and high-quality talent resources, China continues to attract global industrial chains and innovative elements to gather, becoming a "stable anchor" of the global supply chain and injecting stability and certainty into the world economy.
Not only that, China empowers global industrial transformation with digital intelligence and green technology, leading the global value chain towards low-carbon and intelligent upgrading, while promoting the integration of developing countries into the mid to high end industrial chain, and promoting global balanced, coordinated, and inclusive development. As stated by the Business Ambassador of the Australian Embassy in China, Deming, the Chain Expo connects enterprises along the entire value chain and collaborates in various fields such as clean energy, infrastructure, and high-end services, which is crucial for enhancing the resilience of the global supply chain.
The current international situation is increasingly turbulent and changing, and global economic uncertainty is rising. The stable and smooth global industrial and supply chains are important guarantees for the healthy development of the world economy, as well as the interests and urgent expectations of all parties involved. The integration and interdependence of countries in the global supply chain is the result of economic globalization and market forces, which is in line with the interests of all parties. Countries should jointly maintain an open and cooperative international environment, promote global division of labor and cooperation, and work together to build more equal, inclusive, and constructive industrial and supply chain partnerships, injecting more positive energy into promoting world economic development.