BEIJING: The first China International Supply Chain Expo (CISCE) concluded on Sunday in Beijing. Themed “Connecting the World for a Shared Future,” the 5-day expo resonates with China’s emphasis on the significance of stable industrial and supply chains.
It also aims to connect downstream, upstream, and midstream enterprises in the industrial chain and to contribute to building a smooth and stable global supply chain.
CEO of iMpact Chris Pereira said at the expo that China is moving up the international value chains. Its technology can lead to a new wave of economic prosperity and growth in China and abroad, benefiting both the country and the world.
AstraZeneca’s global Executive Vice President, Wang Lei, also showcased deep experience, saying in the past year, we have invested one billion dollars in China to vigorously strengthen our supply chain system. He said that the results have been significant at this expo, particularly in zero-carbon emission reduction.
Ahmed Shaaban Hassan, an Economic Researcher at the League of Arab States, told a Chinese media outlet that CISCE brings unlimited opportunities for China and all Arab nations. As we all know, we are each other’s indispensable trading partners.
He added that in order to become a more important link in the international supply chain system, the trade field between China and Arab countries should expand further.
China-Arab Countries E-commerce Cooperation
Except for traditional trade, cooperation between China and Arab countries in the e-commerce sector also has great potential.
He said that in big data, the Internet of Things, 5G, and artificial intelligence, our cooperation should occupy an indispensable position in the international trading system. Moreover, it’s a sincere hope that Beijing will build more logistics hubs in Arab countries to help them be more integrated into the Belt and Road framework.
The researcher further said that China’s economy has become deeply integrated into international value chains.
Margit Molnar, head of the Organization for Economic Cooperation and Development’s China desk, emphasized that multinational companies first turned China into an international export platform before reaping the benefits of the sheer size of the market. This process of value chain splicing has led to the realization of efficiency gains from specialization.
