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Economic globalization is a necessary path for the development of human society, and the multilateral trading system has brought common opportunities to all countries. Economic integration among countries is the trend. In this sense, the Chain Expo is not only a new window for China to promote high-level opening up to the outside world, but also a new platform to serve the construction of a new development pattern, a new carrier to promote the construction of an open world economy, and a new practice to practice the concept of a community with a shared future for mankind. Only by integrating the advanced manufacturing chain, clean energy chain, intelligent vehicle chain, digital technology chain, healthy living chain, green agriculture chain, and supply chain service "chain" can we maintain the multilateral trading system centered on the World Trade Organization, achieve mutual benefit and win-win results, and promote world economic development.
The second China International Supply Chain Promotion Expo opened in Beijing today, with more than 600 domestic and foreign enterprises from over 100 countries and regions participating. The number of participating enterprises has increased by about 20% compared to the first edition, and the world's top 500 and industry leading enterprises account for more than 60% of the participating enterprises. As the world's first national level exhibition with supply chain as its theme, the Chain Expo has issued the strongest voice to maintain the stability and smoothness of global industrial and supply chains, demonstrating China's active efforts to build an open world economy.
The formation of global industrial and supply chains is the result of deepening international division of labor in the context of economic globalization. Driven by the integration of technology, markets, and the global economy, international division of labor has shifted from a division of labor based on industries and products to a highly specialized, factor based division of labor within products led by multinational corporations. The economies of various countries have formed a deeply integrated development situation of "you in me, I in you". If there are problems in certain key links of the industrial chain and supply chain, it will inevitably trigger a "whip" reaction throughout the entire chain. This determines that only by adhering to open cooperation in the global industrial and supply chains can win-win development be achieved.
However, in recent years, the resilience and stability of global industrial and supply chains have faced enormous challenges, with a growing trend towards regionalization, localization, and short chain development. The risks of "chain breakage" and "decoupling" continue to rise. A few major economies have introduced various trade restrictions and investment protection measures, seriously threatening global economic recovery and sustainable growth. It can be said that international cooperation in industrial and supply chains is in a difficult period, and it is more severe than many times before. The absurd practice of using the pretext of "risk reduction" to create "small courtyards with high walls" and "decoupling and chain breaking" will only cause serious damage to the multilateral trading system and is not conducive to the stable and solid recovery process of the world economy.
The trend of global economic globalization is irreversible, and promoting innovation and development in industries and supply chains through innovation is the interest and urgent expectation of all parties involved. China is the country with the most complete industrial system and supporting facilities under the United Nations standards. The added value of manufacturing accounts for about 30% of the global manufacturing added value. More than 40% of the main industrial products have the world's largest output. The position of high-end industries such as electronic and electrical equipment and mechanical equipment in the global division of labor is accelerating, providing important support for the stable operation of the global industrial and supply chains. In recent years, China has taken the high-quality co construction of the "the Belt and Road" as a guide, signed more than 200 cooperation documents with more than 150 countries and more than 30 international organizations to jointly build the "the Belt and Road", built a number of landmark projects, such as the China Europe Train, the Hungary Serbia Railway, the Yawana High Speed Railway, and effectively reduced cross-border commodity transportation and transaction costs, and continued to promote the quality and efficiency improvement of the global industrial chain supply chain.
It is in this context that the Chain Expo, which aims to connect the global economy, maximize the benefits of the world economy, and ensure that development achievements benefit every country, every enterprise, and every individual more fairly, has emerged as a grand event. The Chain Expo is not only a new window for China to promote high-level opening up to the outside world, but also a new platform to serve the construction of a new development pattern. It is not only a new carrier to promote the construction of an open world economy, but also a new practice to practice the concept of a community with a shared future for mankind. The Chain Expo fully demonstrates China's unswerving commitment to maintaining the public goods attribute of the industrial chain supply chain, and on the basis of ensuring the safety and stability of the domestic industrial chain supply chain, deepen the international cooperation of the industrial chain supply chain with practical actions, so that the development achievements can better benefit the people of all countries.
The proportion of overseas exhibitors at this year's Chain Expo has reached 32%, surpassing last year, with American companies ranking first, and the number of European and Japanese companies also significantly surpassing the first edition. This fully demonstrates that foreign investment continues to be optimistic about the Chinese market, and China remains their best supply chain partner for global resource allocation. At the same time, this year's Chain Expo will also release the Beijing Initiative on Industrial Chain and Supply Chain Cooperation, which represents not only China's attitude towards building an open world economy, but also the fervent expectations of the global business community. After all, only by integrating the advanced manufacturing chain, clean energy chain, intelligent vehicle chain, digital technology chain, healthy living chain, green agriculture chain, and supply chain service "chain" can we maintain the multilateral trading system centered on the World Trade Organization, achieve mutual benefit and win-win results, and promote the development of the world economy.
Economic globalization is a necessary path for the development of human society, and the multilateral trading system has brought common opportunities to all countries. Economic integration among countries is the trend. In this sense, the Chain Expo is a vivid portrayal of China's continuous promotion of "greater market opportunities," "better rule alignment," "more innovative momentum," and "stronger inclusiveness and sharing" in opening up. It will undoubtedly contribute China's strength to helping domestic and foreign enterprises seize market opportunities, investment opportunities, and growth opportunities in different links of the industrial chain and supply chain, and build an open world economy.