China and the United States have engaged in lively discussions and achieved fruitful results (global hot topics)
At the end of July, at the invitation of the US China Business Council, the China Council for the Promotion of International Trade organized a delegation of 22 Chinese entrepreneurs to visit Salt Lake City, Chicago, and Washington in the United States. During the visit, more than 10 Sino US business docking activities were held with American institutions and organizations, and more than 120 American enterprises and institutions were discussed and exchanged.
I have met many excellent partners from different industries in the United States, and I really hope that American and Chinese companies can work together to promote supply chain cooperation initiatives. Through lively exchanges, Chinese and American business people have gathered a strong consensus to share the "China Opportunity 2.0" and reached a cooperation intention to create more "innovation dividends". This cross Pacific cooperation bond is constantly being tightened through repeated handshakes.
Talk about innovation——
Non invasive brain computer interface, Internet of Things, artificial intelligence, etc. have become high-frequency terms in negotiations
A nano electronic EEG sleep patch weighing approximately 4 grams, capable of monitoring sleep cycles and sleep structures; During the delegation's visit to the United States, Sun Yu, the chairman of Zhejiang Rouling Technology Co., Ltd., was busy introducing the new product to several American business people, which can recognize hand micro movements and is used for device control.
What is the innovation of non-invasive brain computer interface devices? Sun Yu made a vivid analogy: it is like a "brainwave thermometer" with great potential for future popularization. The reason why thermometers can become the basic tool for home health is because they are portable, accurate, and easy to use. Similarly, when devices that monitor brain waves and sleep become small enough, cheap enough, and accurate enough, they can completely overturn the home rehabilitation model. Its subversion lies in transforming rehabilitation from 'intermittent hospital check ups' to' continuous home data-driven management ', "he said.
The market acceptance of innovative products based on artificial intelligence technology by American companies far exceeds Sun Yu's expectations. He said, "In the one-on-one negotiation session in Salt Lake City, the head of a well-known local essential oil company immediately instructed the senior vice president of research and development to send me an email to establish a cooperation intention after listening to the product introduction. The head said that they have been looking for lightweight and home use EEG monitoring products. The existing equipment is bulky and can only be used in clinics. Unexpectedly, Chinese companies have already made wearable non-invasive EEG devices that weigh only 4 grams. They hope to use this nano patch to quantify the sleep aid effect of the company's essential oil products in the future. This detail shows that the US market has a high awareness of brain computer interface technology and the demand is very urgent
With solid product quality and broad market prospects, Rouling Technology has reached preliminary consensus on cooperation models such as agency distribution and joint scene landing in the North American market with more than ten local life science park operators, professional medical equipment distributors, high-end wellness chain groups, and sleep health service institutions.
The 22 Chinese companies that accompanied the delegation on this visit have many new business cards representing China's economic development. Among them, there are not only key enterprises representing green transformation such as Guoxuan High tech and Zhouming Technology, but also emerging forces focusing on cutting-edge technology such as Rouling Technology and Mars Vision. At multiple event venues, non-invasive brain computer interfaces, the Internet of Things, artificial intelligence, etc. have become high-frequency terms for negotiations.
Zhouming Technology is a Chinese enterprise that has been deeply involved in the US market for over ten years, specializing in LED display screens and intelligent lighting products. Years of technological accumulation have given us the confidence to enter the American market, "said Zhai Shaohui, Chief Operating Officer of Zhouming Technology in the United States. The exchange was pragmatic and efficient, and" the real concern of the local industry in the United States is whether technology can solve problems, bring employment and industrial upgrading, and the exploration of cooperation is specific rather than general.
Gathering consensus——
The business communities of China and the United States strengthen communication and coordination, seek common ground while reserving differences, and jointly promote trade and investment liberalization and facilitation in international occasions and multilateral fields
During this trip to the United States, the China Council for the Promotion of International Trade (CCPIT) collaborated with relevant US agencies to hold multiple Sino US business docking activities, and held discussions and exchanges with more than 120 US enterprises and institutions. Whether it is the China Utah Economic and Trade Exchange Conference held in Salt Lake City, the China US Economic and Trade Cooperation Forum and the 5th Chain Expo Promotion Conference held in Chicago, or the exchange and discussion with the US China Business Council and its member companies held in Washington, all parties have had warm, frank and pragmatic exchanges.
At a symposium held in Washington, Tan Sen, President of the US China Business Council, clarified some erroneous statements about the US China business community: "There is a saying that American companies do not want to do business with China, another saying that American companies are withdrawing from China, and a third saying that American companies do not invest in China or do not welcome Chinese companies to come to the United States. These are all fallacies and are wrong. I had a premonition that so many American companies would participate in the event, and on the day of the event, American companies called to inquire about how to participate." He expressed that American companies are committed to developing in China, closely cooperating with Chinese companies, attaching importance to their relationship with the China Council for the Promotion of International Trade, and knowing that such exchanges are beneficial to all parties.
At the China US Economic and Trade Cooperation Forum and the 5th Chain Expo Promotion Conference held in Chicago, Ren Hongbin, President of the China Council for the Promotion of International Trade, reviewed the history of friendly exchanges and pragmatic cooperation between China and the United States. Illinois, where Chicago is located, established the first China US Trade Office as early as 1974 and became one of the first friendly provinces and states between China and the United States along with Liaoning Province in 1982; The China Council for the Promotion of International Trade held the China Economic and Trade Exhibition in Chicago in 1980 and also received a delegation of entrepreneurs led by the Governor of Illinois visiting China. I hope that the business communities of China and the United States can strengthen communication and coordination, seek common ground while reserving differences, jointly promote trade and investment liberalization and facilitation, work together to build an open world economy, and safeguard their own and global development long-term interests, "he said.
The heat of communication in the venue reflects the profound foundation of economic and trade exchanges between China and the United States. According to Chinese customs statistics, the total value of goods trade between China and the United States in the first half of this year was 2 trillion yuan, with a year-on-year increase of 13.7% in the second quarter. The latest report from the US China Business Council shows that 92% of surveyed American companies will achieve profitability in China by 2025, and 95% of surveyed American companies believe that doing business in China will help them maintain global competitiveness.
Behind these data are the choices made by Chinese and American companies advocating for win-win cooperation. Beijing Mars Vision Technology Co., Ltd. is an enterprise that integrates Internet of Things and AI technology into youth technology innovation education. It officially entered the US market last year. Face to face communication made me deeply feel the enormous potential for cooperation between China and the United States, "recalled Liu Yang, the CEO of the company. At the exchange meeting held in Utah, he had in-depth exchanges with the head of a local company engaged in intelligent hardware research and development. He found that the other party had not yet found a suitable partner for hardware implementation, while Mars Vision Limited had complete development and production capabilities. "Both sides felt a sense of regret for meeting too late, and quickly reached a cooperation intention.
Planning for the future——
Welcome more American companies to come to China, share the 'China Opportunity 2.0', and better succeed in China and win in the world
Under the organization of the China Council for the Promotion of International Trade, Chinese and American entrepreneurs have deepened mutual understanding through in-depth visits and intensive negotiations, and are full of expectations for future cooperation.
During this visit, the China Council for the Promotion of International Trade (CCPIT) provided us with precise and efficient channels for government enterprise communication by connecting with mainstream chambers of commerce, soybean associations, and leading enterprises in the United States. Wang Huizhong, Chairman of Suzhou Weiye Group Co., Ltd., said that under the promotion and coordination of CCPIT, he had in-depth exchanges with a well-known agricultural enterprise in the United States for the first time, laying a good foundation for expanding the American market. Recently, he is fully coordinating the intention of formal cooperation between the two sides in the future.
This year is the "China Year" of the Asia Pacific Economic Cooperation (APEC). At the recent third meeting of the APEC Business Advisory Council (ABAC), the China Council for the Promotion of International Trade and representatives from the United States jointly proposed the "Asia Pacific Supply Chain Cooperation Platform", which integrates the existing achievements of the United States on supply chain resilience tools with the practices of the Chain Expo, focusing on practical tools and platform construction in the supply chain, and has been widely praised by all parties. This is the second joint initiative proposed by the Chinese and American business communities on supply chain cooperation through the ABAC platform, following the joint promotion of the Asia Pacific Supply Chain Cooperation Principles in 2024.
The China Council for the Promotion of International Trade will hold events such as the APEC Business Leaders Summit in Shenzhen, China in November. We welcome friends from the American business community to actively participate. ”Ren Hongbin said that this year marks the beginning of China's 15th Five Year Plan, with the Chinese economy achieving a growth rate of 4.7% in the first half of the year, demonstrating strong resilience and vitality. We welcome more American companies to come to China, share the 'China Opportunity 2.0', and better succeed in China and win in the world, "he said.
Andy Rudick, the director of BDO in the United States, stated that Chinese companies operating in the United States are doing well, and many American companies are vigorously expanding their business in China. The prospects for Sino US economic and trade cooperation are broad. Michael Fasnakht, Chief Growth Officer and President of the Greater Chicago Area at Kreko Group, believes that in today's global challenges, it is necessary for both the United States and China to work together, especially in the field of artificial intelligence. The United States and China need to learn from each other and develop together.
Several representatives of American companies have expressed their expectation to continue to deeply cultivate the Chinese market during the 15th Five Year Plan period, actively participate in the APEC Business Leaders Summit and the 5th Chain Expo, and jointly maintain the stability and smoothness of the global supply chain.
Understanding how to break down trade barriers and open doors to cooperation is crucial for us, "said Sebastian Abril, Director of Air Transport Strategic Development at the Utah Inland Port Authority in the United States.