Group 1: Event Overview - The third China International Supply Chain Promotion Expo opened in Beijing on July 16, with over 1,100 representatives from more than 100 countries and regions attending the opening ceremony [1] - The expo's theme is "Linking the World, Creating the Future," featuring six major chains: advanced manufacturing, smart automotive, green agriculture, clean energy, digital technology, and healthy living [1] - A total of 651 enterprises and institutions from 75 countries and regions participated, with 35% of exhibitors being international, indicating a higher level of globalization [1] Group 2: Importance of Cooperation - The current global economic slowdown and rising protectionism are damaging global supply chains, increasing costs, and reducing economic efficiency [2] - Multiple speakers at the expo emphasized the need for cooperation to maintain the stability and smooth operation of global supply chains [2] - The China Council for the Promotion of International Trade (CCPIT) president highlighted the expo's focus on helping businesses find partners and solutions [2] Group 3: Initiatives and Proposals - The "Beijing Initiative" was released, advocating for the maintenance of global supply chain security, innovation-driven development, and deeper cooperation among the global business community [3] Group 4: Platform for Open Cooperation - The expo has evolved into a platform for high-level opening up and global sharing, enhancing trade promotion, investment cooperation, and innovation [4] - Apple showcased its collaboration with three Chinese suppliers, highlighting a $20 billion investment in smart and green manufacturing in China over the past five years [4] Group 5: Innovations and Technologies - Qingdao Beer demonstrated its global supply chain innovation, emphasizing the interconnectedness of its production process [5] - The Beijing Changmu Valley Medical Technology Co., Ltd. showcased its AI-assisted orthopedic surgery robot, marking a significant technological advancement in the healthcare sector [6] - Syngenta Group presented its agricultural innovations, focusing on efficient and sustainable supply chains [6] Group 6: China's Supply Chain Advantages - China plays a crucial role in global supply chains, providing strong support for international cooperation and innovation [7] - Sanofi highlighted its 30 years of localized manufacturing in China, showcasing its end-to-end healthcare ecosystem [7] - Medtronic expressed confidence in China's position as a major medical market and innovation hub, emphasizing its commitment to local value chain development [7]

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 importance of maintaining global industrial and supply chain stability is emphasized as a key factor for healthy world economic development, with China playing a crucial role in this context [1]. Group 1: Current Global Supply Chain Cooperation Characteristics - The global supply chain cooperation faces increasing fragmentation risks, with over 1,200 discriminatory trade barriers expected in 2024, and a 40% decline in international cross-border investment compared to historical highs [2]. - Geopolitical tensions and trade disputes are forcing adjustments in international division of labor, highlighting the need for stability in supply chain cooperation [2]. Group 2: China's Role in Global Supply Chain Stability - China, as the world's second-largest economy, has a robust industrial system and a dynamic balance between supply and demand, contributing to global economic stability [4]. - China's manufacturing value-added accounts for approximately 30% of the global total, maintaining its position as the leading manufacturing country for 15 consecutive years [4]. - The country has made significant advancements in technology and innovation, rising from 34th to 11th in the global innovation index from 2012 to 2024 [4]. Group 3: Demand Side Advantages - China is the second-largest consumer and import market globally, with nearly 50 trillion yuan in consumption and over 20 trillion yuan in imports annually, indicating substantial growth potential [5]. - The country is enhancing its market environment to attract foreign investment, maintaining its position as the second-largest recipient of foreign capital [5]. Group 4: China International Supply Chain Promotion Expo (Chain Expo) - The third Chain Expo will be held from July 16 to July 20, 2025, in Beijing, focusing on international cooperation in supply chains [6]. - The expo will feature 651 enterprises and institutions, showcasing various industrial chains and promoting collaboration among upstream and downstream partners [6][7]. - The event aims to facilitate the integration of large and small enterprises, with over 65% of exhibitors being Fortune 500 companies and industry leaders [7]. Group 5: Innovation and International Collaboration - The Chain Expo will include an innovation chain section focused on intellectual property transformation, promoting the linkage of innovation, industry, supply, and value chains [8]. - The event will host over 70 meetings and discussions involving international organizations and multinational company leaders to foster open cooperation in supply chains [8]. - The participation of exhibitors from 75 countries, with a 15% increase in U.S. exhibitors, highlights the growing international engagement at the expo [8].

Group 1 - The U.S. Department of Commerce announced a 50% tariff on various steel-based household appliances, effective June 23, 2025, impacting products like dishwashers, washing machines, and refrigerators [1] - Eight categories of household appliances and related products are now classified as "steel derivative products," subject to the new tariff based on the value of steel components [1] - An exception is provided for products using domestically sourced steel, which can qualify for tax exemption even if processed overseas [1] Group 2 - According to the China Iron and Steel Association, China is expected to export 110.716 million tons of steel in 2024, a 22.7% increase year-on-year, with only about 890,000 tons (0.8% of total exports) going to the U.S., indicating limited direct impact from the tariffs [2] - The Chinese government criticized the U.S. tariff policy as unilateral and protectionist, arguing it disrupts global supply chains and has faced opposition from multiple countries [2] - The U.S. has a history of imposing tariffs on steel and aluminum, with a previous 25% tariff on steel and 10% on aluminum introduced in 2018, which was later adjusted under domestic pressures [2][3] Group 3 - The expansion of tariffs to include steel-based household appliances is likely to increase the cost of living for American consumers [4]

5月27日，商务部副部长兼国际贸易谈判副代表凌激会见德国中小企业代表团。凌激表示，中国拥有超 大规模市场、完备高效的产供链体系和充满活力的科技创新生态，为广大德国中小企业来华投资兴业提 供了大量商机。希望中德双方共同维护自由贸易和全球产业链供应链稳定，坚持互利合作。 ...

Core Viewpoint - The meeting between China's Vice Minister of Commerce Ling Ji and the German SME delegation highlights the opportunities for German small and medium-sized enterprises (SMEs) to invest in China, emphasizing the importance of maintaining free trade and stable global supply chains [1] Group 1: Opportunities for Investment - China offers a vast market, a complete and efficient production and supply chain system, and a vibrant technological innovation ecosystem, providing numerous opportunities for German SMEs to invest [1] - The head of the German SME delegation, Dorin, noted the attractiveness of the Chinese market for German SMEs and expressed a commitment to assist more German SMEs, particularly "hidden champions," in entering the Chinese market [1]

Core Viewpoint - The Director of the National Development and Reform Commission, Zheng Zhaojie, emphasizes that China's economic foundation is solid, resilient, and has great potential, with a long-term positive trend that remains unchanged despite global uncertainties [1][2]. Group 1: Economic Cooperation - China and Indonesia are entering a new phase of cooperation under the strategic guidance of their leaders, focusing on building a "five-pillar" cooperation framework [1]. - The two countries have strong economic complementarity and potential for cooperation, with plans to enhance policy collaboration and promote major projects like the Jakarta-Bandung High-Speed Railway [1][2]. - There is a commitment to jointly cultivate new growth points in the economy, such as artificial intelligence, and to deepen practical cooperation across multiple fields for mutual benefit [1][2]. Group 2: Economic Development - Zheng Zhaojie introduced the current state of China's economic development, highlighting a strong start in the first quarter of the year, driven by new growth momentum and the release of domestic demand potential [2]. - China aims to continuously inject new momentum into global economic development and welcomes Indonesia to share in the development opportunities and benefits [2]. - Both countries express a desire to oppose unilateralism and uphold international fairness and justice, as well as to maintain the stability of global industrial and supply chains [2].