The third China International Supply Chain Expo (CISCE) recently concluded in Beijing, further reinforcing its role as a vital platform for promoting resilient, diverse and cooperative global supply chains. There was a promising increase in international collaborations.
Participants from the U.S. and the EU accounted for 50 percent of all overseas attendees. The number of U.S. exhibitors increased by 15 percent compared to last year, making them the largest group of overseas exhibitors. Of these, 60 percent are Fortune Global 500 companies. Additionally, the U.S. chip giant Nvidia made its debut at the expo by setting up an exhibition.
In an interview with China Youth Daily, Cai Tongjuan, Director of the Macro Research Department and Research Fellow of the Chongyang Institute for Financial Studies (RDCY), said that the Chinese and American economies are highly complementary and their interests are deeply intertwined. Enterprises' rational choices further highlight that the global supply chain has not really been "broken" due to political differences.
Despite ongoing rhetoric about "decoupling and chain breaking
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