Group 1 - The third China International Supply Chain Promotion Expo (Chain Expo) will be held from July 16 to 20 in Beijing, with over 650 companies and organizations participating from 75 countries and regions, including a significant presence from U.S. exhibitors [1] - U.S. exhibitors have increased by 15% compared to the previous edition, maintaining the largest share among foreign exhibitors, with a 10% growth in exhibition area [1] - The proportion of foreign exhibitors has risen from 32% to 35%, with over 65% of participants being Fortune 500 and industry-leading companies [1] Group 2 - The China Council for the Promotion of International Trade (CCPIT) has facilitated 22 delegations of U.S. business leaders visiting China this year, indicating a strong interest in continued cooperation despite challenges in U.S.-China relations [1] - The American Chamber of Commerce in China reported that 67% of its member companies have no plans to relocate, highlighting China as a primary investment destination [2] - In the first half of this year, nearly 2,500 Chinese companies participated in over 30 professional exhibitions in the U.S., covering various sectors such as electronics, textiles, and pharmaceuticals, with a total exhibition area exceeding 32,000 square meters [2]

Core Viewpoint - China's commitment to opening its doors wider for foreign investment remains unchanged, emphasizing the importance of cooperation between Chinese and American businesses [1] Group 1: Foreign Investment Policies - The China Council for the Promotion of International Trade (CCPIT) asserts that policies regarding foreign investment have not changed and will not change [1] - The CCPIT serves as a crucial bridge for communication and cooperation between China and foreign entities [1] Group 2: Sino-American Business Relations - In 2023, the CCPIT has hosted 22 delegations from American institutions and enterprises, indicating ongoing engagement [1] - A survey by the American Chamber of Commerce revealed that 67% of member companies have no plans to relocate, highlighting China's status as a primary investment destination [1] - Leaders from the Shanghai American Chamber of Commerce emphasized that grassroots exchanges contribute to the resilience and vitality of Sino-American cooperation, indicating a strong foundation for future collaboration [1]

Core Viewpoint - The article highlights the significant escalation of global trade frictions due to recent U.S. tariff policies, with a notable increase in the global trade friction index and related measures impacting various industries and countries [1][2][6]. Group 1: Global Trade Friction Index - In April, the global trade friction index rose to 131, with related measures involving an amount that increased by 37.6% year-on-year and 16% month-on-month [2]. - The global import and export tariff measures index surged by 89 points year-on-year, with the China-related portion increasing by 131 points [4]. - The U.S. trade friction index increased by 65 points year-on-year, with its import and export tariff measures index skyrocketing by 199 points, and the China-related tariff measures index rising by 200 points [4]. Group 2: Country-Specific Observations - Among 20 countries monitored, the U.S., Japan, and India have the highest trade friction indices, with the U.S. being the largest country in terms of trade restriction measures for 10 consecutive months [7]. - The European Union saw a 79.3% month-on-month increase in tariff and restriction measures, while Canada and India experienced a 100% year-on-year increase in related measures [8]. Group 3: Industry Impact - Thirteen major industries, including electronics, transportation equipment, light industry, chemicals, machinery, pharmaceuticals, non-ferrous metals, and agriculture, have become focal points of trade frictions, with the electronics sector experiencing the highest friction index [8]. - A total of 105 tariff measures were introduced across the monitored countries, marking a 483% year-on-year increase and a 250% month-on-month increase [8]. Group 4: China's Foreign Trade Resilience - Despite external pressures, China's foreign trade has shown strong resilience, with the total number of various certificates issued by the trade promotion system reaching 639,400 in May, a year-on-year increase of 12.51% [9]. - The value of preferential certificates issued by the trade promotion system amounted to $7.911 billion, reflecting a year-on-year growth of 36.05% [9]. Group 5: U.S.-China Business Relations - A recent survey by the American Chamber of Commerce in China indicates that 67% of member companies have no plans to relocate, affirming China as a primary investment destination [11]. - The ongoing cooperation between U.S. and Chinese businesses is emphasized, with significant participation from U.S. companies in upcoming trade events, indicating a continued interest in collaboration despite trade tensions [12][13].

Group 1 - The main reason for the increase in the global trade friction index in April is the series of tariff policies implemented by the US government, which significantly escalated global trade tensions [1][3] - In April, the global trade friction index rose to 131, with related measures involving an amount that increased by 37.6% year-on-year and 16% month-on-month [1] - The US has been the country with the largest amount of trade restriction measures for ten consecutive months, with the electronics industry being the most affected sector [3] Group 2 - The number of tariff measures implemented by monitored countries increased by 483% year-on-year and 250% month-on-month, with 105 new measures introduced [3] - The import and export restriction measures also saw a year-on-year increase of 60%, with 24 new measures reported [3] - The trade friction index for China from 19 countries/regions was recorded at 153, indicating a high level of trade friction, particularly in the electronics, light industry, and machinery sectors [4] Group 3 - Despite external pressures, China's foreign trade has shown resilience, with a significant increase in the issuance of various certificates by the trade promotion system [5] - The value of preferential certificates issued by the trade promotion system reached $7.911 billion, reflecting a year-on-year growth of 36.05% [5] - The Regional Comprehensive Economic Partnership (RCEP) certificates also saw a year-on-year increase of 20.22% in value [5] Group 4 - A recent survey by the American Chamber of Commerce in China indicated that 67% of member companies have no plans to relocate, highlighting China as a primary investment destination [6] - The number of American exhibitors at the upcoming trade fair is expected to increase by 15%, indicating continued interest in the Chinese market [6] - The China Council for the Promotion of International Trade has facilitated numerous exchanges and cooperation projects between Chinese and American businesses over the past 20 years [7]