(ECNS) -- The first China International Supply Chain Expo (CISCE) that opened on Tuesday aims to bolster global industrial and supply chains and connect the world for a shared future.
The first chain expo offers five designated supply chain areas, including smart vehicles, green agriculture, clean energy, digital technology, and healthy living, which effectively caters to multi-sector collaborations.
It focuses on promoting connections along the upstream, middle and downstream, integration of large, small and medium-sized enterprises, and interaction between Chinese and foreign enterprises
The expo aims to build a new window to promote high-level opening up, a new platform to serve more enterprises and promote the construction of an open world economy.
The hosting of the CISCE underscores China's dedication to stabilizing and strengthening the global supply chain, and countering Western countries' calls for "de-risking,", a euphemism for "decoupling" from China, said Sun Xiao, secretary general of the Beijing-based China Chamber of International Commerce, China Daily reported.
According to the Global Supply Chain Promotion Report released by the China Council for the Promotion of International Trade during the ongoing expo, China has become one of the world's leading economies in supply chain digitalization.
China's active support for global supply chain cooperation will help both domestic and foreign businesses accelerate digital and green transformation, it says.
As the consulting company Ipsos Strategy 3 indicates, the scale of China’s medical equipment manufacturing industry is expanding. Local manufacturers have successfully entered the mid-to-high-end product market, among which high-end medical equipment worth more than 10 million yuan ($1.4 million) is produced at a faster pace domestically.
Ge Yue, Apple’s vice president and managing director of Greater China said, "We have brought several very representative suppliers to the expo. Of our top 200 global suppliers, 151 are in China."
The first CISCE attracted a total of 515 domestic and foreign companies and institutions. International exhibitors account for 26 percent of the total number of exhibitors, with the U.S. and European companies being the top two, accounting for 36 percent of the total number of international exhibitors.
Many exhibitors have already reserved their booths for the second supply chain expo.