CISCE concludes with over 6,700 cooperation agreements signed

The 2nd China International Supply Chain Expo (CISCE) that began on Tuesday concluded on Saturday, with over 6,700 cooperation agreements reached.

According to organizers, the event facilitated connections between international exhibitors and more than 37,000 suppliers in upstream and downstream industrial chains and engaged with over 18,000 key clients.

As of now, 68 domestic and international enterprises and institutions have already signed up for the CISCE next year.

This year, over 620 companies, institutions and international organizations are participating in CISCE, a 20 percent increase from the inaugural expo. The proportion of overseas exhibitors has risen from 26 percent to 32 percent, with European and American companies accounting for half of that group.

“The five-day event has attracted about 200,000 online and offline audiences in total, an increase of one third compared with the first expo. A total of 160,000 are offline audience,” said Zhang Shaogang, vice chairman of the China Council for the Promotion of International Trade, noting that over 1,000 exhibitors participated the event.

According to incomplete statistics, the signing of cooperation agreements and intention agreements at this year’s CISCE involves an amount of more than 152 billion yuan (some $20.99 billion), Zhang added.

Some important documents like Beijing Initiative for International Cooperation on Industrial and Supply Chains Global Supply Chain Promotion Report 2024 were also released at the expo.

The Beijing initiative, which aims to promote stable and smooth global supply chains, advocated for “practicing true multilateralism, enhancing trade and investment liberalization and facilitation, opposing protectionism, and enhancing international industrial specialization and collaboration.”

The Global Supply Chain Promotion Report 2024 provides global supply chain maps for 11 key industries, including humanoid robots, smart cars, integrated circuits, wind power, coffee and cotton. These maps illustrate the distribution of supply chains across the upstream, midstream and downstream sectors, as well as the dominant economies and enterprises at each stage.

Themed “Connecting the World for a Shared Future,” this year’s event emphasizes the interconnected nature of the supply chain through its booth layout and exhibition zones, offering a comprehensive showcase of key processes across the entire supply chain, from upstream to downstream.