Core Viewpoint - The Chinese Ministry of Commerce emphasizes its commitment to maintaining a multilateral trade system and expanding a high-standard free trade zone network globally, amidst challenges posed by unilateralism and protectionism [1] Group 1 - The global governance landscape is undergoing reconstruction during the 14th Five-Year Plan period, with economic globalization facing headwinds [1] - Unilateralism and protectionism are on the rise, significantly impacting the international economic order and governance system [1] - China aims to promote both multilateral cooperation and regional cooperation as complementary strategies [1]

相关链接 金十数据7月17日讯，7月17日，商务部部长王文涛在京会见南非贸易、工业和竞争部部长帕克斯·陶。 双方围绕共同应对当前国际贸易局势挑战，加强两国在双多边贸易投资等领域合作深入交换意见。王文 涛表示，在两国元首的战略引领下，中南双方密切协作，双边经贸关系取得了跨越式发展。中方愿同南 方一道，继续挖掘双边贸易潜力，鼓励中国企业赴南投资，深化两国产供链合作，并拓展新能源、数字 经济等领域合作。当前，全球经济秩序遭受单边主义、保护主义严重冲击。希望中南继续加强在世贸组 织、二十国集团、金砖国家等多边框架下沟通协调，共同维护以世贸组织规则为基础的多边贸易体制。 （商务部） 商务部部长王文涛会见南非贸易、工业和竞争部部长帕克斯·陶 ...

Group 1 - The third China International Supply Chain Promotion Expo is held in Beijing from July 16 to 20, with the theme "Linking the World, Creating the Future" [2] - The initiative emphasizes the importance of maintaining global industrial and supply chain security and stability, advocating for a multilateral trade system and an open international environment [2] - The president of China Council for the Promotion of International Trade, Ren Hongbin, highlights the higher internationalization level and clearer chain logic of this year's expo, encouraging collaboration among business communities [2] Group 2 - Global business leaders stress the need for innovation-driven development and accelerating the digital and intelligent transformation of supply chains, leveraging new technologies such as AI, IoT, and blockchain [3] - The initiative calls for the acceleration of the United Nations' 2030 Sustainable Development Agenda, promoting green low-carbon economies and enhancing cooperation in the new energy industry [3] - It emphasizes the importance of creating a collaborative platform to optimize the business environment across countries, facilitating trade and investment [3]

Group 1 - The meeting between Li Chenggang, the International Trade Negotiator and Deputy Minister, and Australia's Secretary of the Department of Foreign Affairs and Trade, Frances Adamson, focused on enhancing China-Australia economic and trade relations [1] - Discussions included maintaining the multilateral trading system, indicating a commitment to international trade cooperation [1]

Core Points - The third China International Supply Chain Promotion Expo (Chain Expo) opened on July 16, showcasing the vitality and creativity of the global business community and highlighting the urgent expectations of upstream and downstream enterprises in the supply chain to find partners and solutions in the current environment [1][3]. Group 1: International Participation - This year's Chain Expo featured 651 enterprises and institutions from 75 countries and regions, with the proportion of foreign exhibitors increasing from 32% in the previous year to 35% this year [3]. - The actual number of exhibitors reached 1,200, including over 500 partners from the supply chain, with more than 170 foreign delegations attending for discussions [3]. - The expo emphasized helping enterprises find partners and application scenarios, with the establishment of exhibitor alliances for better collaboration [3]. Group 2: Foreign Enterprises' Engagement - Many foreign enterprises have been deeply engaged in the Chinese market for decades, with Honeywell having established a complete localized value chain in China over its 90 years of presence [4]. - Airbus has been collaborating with the Chinese aviation industry for 40 years, making China its largest single-country market for civil aircraft [4]. - The participation of Airbus and its seven Chinese supply chain partners at the expo highlights the integration of capable Chinese enterprises into Airbus's global supply chain [4]. Group 3: Apple's Commitment - Apple has been expanding its supply chain in China for over 30 years, with more than 80% of its 200 major global suppliers having factories in China [5]. - The China Council for the Promotion of International Trade reported that the global supply chain index matrix has shown stability, with indices for promotion, connection, innovation, and resilience all improving from 2018 to 2024 [5]. Group 4: Global Cooperation and Initiatives - The opening ceremony included the reading of the "Beijing Initiative," which emphasizes the importance of global cooperation in maintaining the resilience and stability of supply chains [6]. - The initiative calls for true multilateralism and support for a rules-based multilateral trading system to enhance global supply chain security and create a fair and predictable market environment [6]. - Representatives from the UK-China Trade Association and Thailand's Ministry of Commerce highlighted the need for continued cooperation in supply chain management for future prosperity and sustainable development [6].

Group 1 - The rise of unilateralism and trade protectionism, along with increasing geopolitical risks, poses significant challenges to global economic growth expectations [1][9] - China is actively promoting cooperation and win-win outcomes, contrasting with the complex external environment [1][2] - The third China International Supply Chain Promotion Expo, held in Beijing, attracted participation from 651 enterprises and institutions from 75 countries and regions, indicating a high level of international engagement [5] Group 2 - China's foreign trade maintained strong resilience, with total import and export value reaching 21.79 trillion yuan in the first half of the year, a historical high, and a year-on-year growth of 2.9% [3] - The number of foreign exhibitors at the expo increased by 15% compared to the previous edition, with American companies leading in participation [5] - Multinational companies view China as a vital market, with significant contributions to their global revenues, as seen with Rio Tinto, where nearly 60% of its global revenue comes from China [5] Group 3 - China's commitment to high-level opening-up is reflected in its proactive measures across various sectors, including trade, technology, and culture [2][4] - The emphasis on multilateralism and global cooperation is highlighted by statements from international business leaders, reinforcing the idea that collaboration is essential for shared prosperity [7][8] - China's innovation capabilities are recognized globally, with many multinational companies establishing R&D centers in China to leverage its technological advancements [6]

Core Viewpoint - The third China International Supply Chain Promotion Expo emphasizes the importance of maintaining global industrial and supply chain security and stability, advocating for a multilateral trade system and open cooperation in the international environment [1] Group 1: Global Trade and Cooperation - The Beijing Initiative calls for the global business community to firmly uphold the multilateral trade system and ensure the stability and smooth operation of global industrial and supply chains [1] - The initiative promotes the practice of true multilateralism and encourages the adoption of an open and inclusive approach to global trade [1] - It stresses the need to dismantle barriers to trade, investment, technology, and service flows, thereby maintaining a global free trade system [1] Group 2: Market Environment and Partnerships - The initiative aims to create a fair, open, and predictable market environment to foster global cooperation and division of labor [1] - It highlights the importance of avoiding the politicization of economic issues and preventing artificial disruptions to the global market [1] - The goal is to collaboratively build a more equitable, inclusive, and constructive partnership in industrial and supply chains [1]

Core Viewpoint - China is committed to high-level opening-up, emphasizing the importance of integrating into the global economy and promoting mutual benefits through international cooperation [1][2][3]. Group 1: Economic Globalization and Opening-Up - Economic globalization is an objective requirement for the development of social productivity and technological progress, and it is not artificially created by any individual or country [14]. - China has actively participated in global economic governance and aims to promote a fair and just international economic order [11][28]. - The past 40 years of China's economic development have demonstrated that progress comes from openness, while isolation leads to stagnation [21][22]. Group 2: Strategies for Opening-Up - China will continue to expand its market access, reduce the negative list for foreign investment, and enhance the level of openness in the service sector [19][31]. - The Belt and Road Initiative is a significant strategic measure for expanding openness and enhancing economic diplomacy [8][19]. - The country aims to create a new high-level open economic system, focusing on institutional openness and improving the business environment for foreign investors [24][37]. Group 3: International Cooperation and Trade - China supports multilateralism and aims to maintain a stable global supply chain, opposing unilateralism and protectionism [46][48]. - The country encourages cooperation with all nations willing to engage, fostering a multi-layered and diversified open cooperation framework [12][24]. - China is committed to building a high-standard free trade zone network and enhancing international economic cooperation [27][31]. Group 4: Legal and Regulatory Framework - The rule of law is essential for high-level opening-up, and China will strengthen its legal framework to protect foreign investments and ensure a transparent business environment [37][38]. - The country will actively align with high-standard international economic and trade rules, promoting a market-oriented and law-based business environment [40][41]. Group 5: Future Outlook - China views itself as a significant opportunity for global development, welcoming cooperation from all countries and emphasizing mutual respect and support [34][49]. - The nation aims to leverage its vast market potential to attract global resources and enhance the synergy between domestic and international markets [30][31].

Core Viewpoint - The meeting between Wang Yi and Indian Foreign Minister S. Jaishankar emphasizes the importance of mutual trust and cooperation between China and India, aiming to strengthen bilateral relations without interference from third parties [1] Group 1: Bilateral Relations - Wang Yi highlighted that the relationship between China and India has its own historical logic and internal dynamics, which should not be influenced by external factors [1] - The focus should be on mutual trust rather than suspicion, cooperation instead of competition, and achieving mutual benefits rather than causing mutual depletion [1] Group 2: Global Cooperation - Both sides expressed a willingness to enhance communication and coordination to maintain a multilateral trade system and ensure the stability of global supply chains [1] - The discussion included promoting a multipolar world and inclusive economic globalization, while safeguarding the common interests of the "Global South" [1] Group 3: Regional Stability - The meeting aimed to foster regional peace, stability, and development prosperity through collaborative efforts between China and India [1]

Group 1 - The EU is prepared to implement countermeasures against the US trade actions, with the first phase set to automatically take effect on July 14 [1][5] - The US has recently delayed the implementation of "reciprocal tariffs" from July 9 to August 1, while also announcing new tariffs ranging from 25% to 40% on multiple countries including Japan and South Korea [1][3] - The EU's trade dispute with the US focuses on specific industry tariffs, particularly in steel, automobiles, copper, and pharmaceuticals, with the EU seeking a swift resolution to protect its exports [3][5] Group 2 - The EU's response to US tariffs is driven by the potential negative impact on its exports, particularly in pharmaceuticals and automobiles, which could lead to increased prices and reduced sales in the US market [5][8] - Other countries, including Japan and South Africa, have expressed dissatisfaction with the US tariffs and are taking measures to protect their national interests [5][8] - The US tariff policies have raised concerns domestically and internationally, with analysts warning that they could lead to higher inflation and long-term economic losses that outweigh tariff revenues [8][10] Group 3 - Analysts suggest that the US's tariff actions are aimed at pressuring other countries into trade agreements, but this approach risks damaging international trade and could provoke backlash from affected nations [10][12] - The ongoing trade dispute initiated by the US is seen as a threat to global trade order, with countries striving to protect their interests amid rising tensions [12]