CCPIT anticipates further international cooperation in second Expo

Some 200 domestic and foreign companies have confirmed their intention to attend the second China International Supply Chain Expo to be held from Nov 26 to 30 in Beijing, and more than 20 percent of participants are foreign companies, the China Council for the Promotion of International Trade said on Friday.

The preparatory work of the expo has begun to be carried out smoothly, showing China's commitment of further opening-up. The CCPIT has conducted overseas roadshows in some Asian, African and European countries. Next, it will promote the expo in Australia, New Zealand, the United Kingdom and the United States.

"The second expo will add an advanced manufacturing chain exhibition area, focusing on the development of new quality productive forces. We will help identify more upstream and downstream enterprises in advanced manufacturing, and showcase the latest technological innovation achievements," said Yang Fan, a spokeswoman for the CCPIT.

Meanwhile, the CCPIT is organizing for foreign enterprises to take local tours in China, and the first stop is currently ongoing in Hainan province. Representatives from more than 30 foreign enterprises such as Qualcomm and GE Healthcare are participating in the event, and several companies have reached cooperation intentions with Hainan in the fields of digital economy, health and wellness industry, equipment remanufacturing, and environmental protection.

At the invitation of counterpart organizations, the CCPIT plans to organize a delegation of Chinese entrepreneurs to visit the United States in June.

"I would like to emphasize that we all see how the business communities of China and the United States have been voting for more cooperation, instead of decoupling," Yang said.

At the same time, the operation of Chinese enterprises in Australia showed a stable and positive trend last year, the CCPIT said. In particular, 57.5 percent of the surveyed enterprises said that they achieved profitability in their operations in Australia in 2023, and 45.4 percent of the surveyed enterprises plan to further expand their business scales in Australia.