logo
U.S. Exhibitors at 2025 CISCE Grow by 15%, Highlighting Strengthened Supply Chain Cooperation

U.S. Exhibitors at 2025 CISCE Grow by 15%, Highlighting Strengthened Supply Chain Cooperation

Korea Herald6 days ago
BEIJING, July 25, 2025 /PRNewswire/ -- The third China International Supply Chain Expo (CISCE) was held from July 16 through 20 in Beijing, providing a premier platform for global communication and cooperation in supply chain development, and witnessed a 15% increase on the number of U.S. exhibitors compared to last year, reaffirming the position as the largest group of international participants.
Michael Hart, Pr esident of AmCham China, praised CISCE for fostering collaboration and innovation across borders. "The Supply Chain Expo has provided a fantastic platform for communication and cooperation," Hart said. "I'm pleased to share that U.S. exhibitors have grown significantly this year, with 60% of them being Fortune Global 500 companies. Additionally, we are excited to welcome NVIDIA, a leader in American technology, making its debut at CISCE."
Yu Jianlong, Vice C hairman of the China Council for the Promotion of International Trade (CCPIT), highlighted the importance of the event in advancing bilateral economic ties. "The foundation of China-U.S. relations lies in people-to-people ties," Yu said. "At this critical juncture, Chinese and American businesses are taking concrete actions to strengthen supply chain cooperation, ensuring stable and unimpeded global supply chains."
This year also marks AmCham China's first participation at CISCE with its own exhibition booth, working alongside member companies to showcase innovative solutions and foster partnerships. Hart emphasized AmCham China's 2025 Navigator Program, launched during last year's expo, which focuses on cultivating supply chain leadership and collaboration with Chinese hubs.
Shandong's Role in Supply Chain Resilience
Hart also highlighted Shandong Province as a key player in global supply chain resilience. Since the first U.S. investment in Shandong in 1986, nearly 1,000 American companies have invested in the province, establishing it as a major partner in bilateral trade.
"Shandong is one of China's most dynamic provinces, excelling in manufacturing, agriculture, port logistics, and new energy," Hart said. Its strong industrial ecosystem, efficient infrastructure, and skilled workforce have attracted many AmCham China member companies to establish production bases and regional hubs.
CISCE continues to serve as a vital platform for global supply chain cooperation, providing opportunities for enterprises to explore new collaborations and drive economic growth. The expo showcases breakthroughs in supply chain innovation and fostering stronger partnerships across borders.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

From US to Scotland, Korea chases last-minute deal to dodge tariff hit
From US to Scotland, Korea chases last-minute deal to dodge tariff hit

Korea Herald

time4 hours ago

  • Korea Herald

From US to Scotland, Korea chases last-minute deal to dodge tariff hit

Samsung chief joins Seoul's negotiation efforts as tariff clock ticks down With just days remaining before the US imposes steep "reciprocal tariffs," South Korea is ramping up efforts to strike a deal, overhauling its negotiation package and closely shadowing key US officials as it tries to bring the 25 percent rate down. Deputy Prime Minister and Finance Minister Koo Yun-cheol departed Tuesday for Washington, where he is scheduled to meet US Treasury Secretary Scott Bessent on Thursday. Koo said he would press for a 'mutually beneficial agreement,' pitching sectors such as shipbuilding as a cornerstone of bilateral cooperation. 'We'll explain our programs and explore long-term collaboration, especially in areas like shipbuilding,' Koo told reporters before departure. Top economic officials have fanned out across the US and even followed American negotiators to Scotland in hopes of reaching a deal before US President Donald Trump's tariff-pause deadline set for Friday. Seoul's 'Make American Shipbuilding Great Again' proposal, reportedly a multibillion-dollar investment plan aimed at revitalizing the US shipbuilding sector, has emerged as a key bargaining chip. Hanwha Group Vice Chairman Kim Dong-kwan traveled to Washington on Monday to support the talks, following the company's $100 million acquisition of Philly Shipyard and plans for further investment, technology transfer and workforce development. Later on Tuesday, Samsung Electronics Chairman Lee Jae-yong also departed for Washington, raising expectations that Korea may offer expanded semiconductor investments or AI chip cooperation as part of its negotiation package. Industry Minister Kim Jeong-kwan and Trade Minister Yeo Han-koo expanded their outreach beyond Washington, flying to Scotland on Sunday to continue talks with US Commerce Secretary Howard Lutnick, who was accompanying Trump on his UK state visit. They held two consecutive days of negotiations with Lutnick on Thursday and Friday last week. The first round took place at the Commerce Department headquarters in Washington, followed by a second meeting at Lutnick's residence in New York. Lutnick confirmed their meeting in Turnberry in a Fox News interview and said that additional deals might be completed before Friday's deadline. Kim and Yeo appear to have headed directly back to Washington, continuing their pursuit of a deal. National Security Office chief Wi Sung-lac and Trade Minister Yeo have been in the US since July 20, engaging in both formal and informal negotiations. Talks initially stalled after a lukewarm response to Korea's first proposal to the US, particularly on non-tariff barriers concerning agricultural imports. In response, Seoul revised its offer, pledging more than $100 billion in US-bound investments and signaling a more flexible position on agriculture. Growth outlook hinges on US deal Asia's fourth-largest economy is under growing pressure to reach a deal as the US finalizes agreements with other major trading partners. A US-EU pact announced Sunday capped tariffs at 15 percent, following a similar deal with Japan that included $550 billion in investments and increased US agricultural imports. Both Tokyo and Brussels secured 15 percent tariffs on key Korean export items such as automobiles and semiconductors, placing Seoul at a disadvantage if it fails to achieve comparable terms. Failure to secure a deal would deliver a sharp blow to Korea's export-driven economy. The country's gross domestic product grew 0.6 percent in the second quarter, rebounding from a contraction in the first, helped by a pickup in consumer spending and exports. But economists warn that steep US tariffs could reverse those gains, putting pressure on growth in the second half. Automobiles, Korea's top export to the US, would face a 25 percent tariff while Japan enjoys a 15 percent rate, undermining the competitiveness of Hyundai and Kia and triggering potential ripple effects across auto parts, shipping and employment. Adding to the pressure, the Trump administration is expected to unveil semiconductor tariffs as early as next month, fueling concern across the chip supply chain, from raw materials and equipment to tech giants. The outcome could lead to tariffs ranging from 25 to 50 percent, similar to those previously imposed on steel, aluminum and autos. In a worst-case scenario, Korean firms such as Samsung Electronics and SK hynix, whose high-end memory chips are produced domestically and exported to the US, often via Taiwan, could be severely impacted. The fallout could extend to financial markets. 'If the steep tariffs go into effect, the Korean currency could tumble and Korean equities may face a correction,' said Park Sang-hyun, an economist at iM Securities. Citi economist Kim Wook-jin said he still expected a US-Korea trade agreement before the deadline this Friday, citing the precedent set by the US-Japan deal. 'There is a low likelihood that the US will lock in a 25 percent tariff and risk triggering a major economic shock to South Korea. Given the current political climate, the new (Korean) government is unlikely to take an overly aggressive stance on tariffs, and Washington is also seen as motivated to reach a deal,' he said. He estimates a potential 14 percent effective US tariff rate on Korean goods, assuming 15 percent duties on autos and reciprocal items, with no further hikes on the already elevated steel, semiconductor and pharmaceutical tariffs. A successful agreement could lift sentiment and support a rebound. 'If tariffs are lowered, exports could bottom in the third quarter and begin a gradual recovery in the fourth,' said Jeong Yeo-kyung of IBK Securities. Lee Jung-hoon of Eugene Investment & Securities added that with stronger domestic demand in the second half, Korea could see 1 percent growth this year and return to the 2 percent range in 2025.

30 km/h Direct Impact Against 242 mm-high Obstacle: TIGGO7 CSH Passes Mexico Battery Scrape Test Without Critical Damage
30 km/h Direct Impact Against 242 mm-high Obstacle: TIGGO7 CSH Passes Mexico Battery Scrape Test Without Critical Damage

Korea Herald

time7 hours ago

  • Korea Herald

30 km/h Direct Impact Against 242 mm-high Obstacle: TIGGO7 CSH Passes Mexico Battery Scrape Test Without Critical Damage

MEXICO CITY, July 30, 2025 /PRNewswire/ -- On July 29, Chery's flagship model TIGGO7 CSH successfully completed an extreme battery scrape test. Witnessed by Mr. Isac Mosqueda Montelongo, Representative of Notary Public 167 of Mexico City, industry experts and leading media representatives, the SUV struck a 242 mm-high spherical barrier at 30 km/h with 30mm of overlap depth—replicating dangerous high-altitude road scrape scenarios. TIGGO7 CSH demonstrated outstanding battery protection capabilities following the severe impact, with only minor surface scratches visible on the battery casing and no signs of electrolyte leakage, fire, explosion, or smoke. The battery pack maintained excellent structural integrity, showing minimal bottom deformation while all high-voltage connectors remained fully operational. The test conclusively validated the robust capabilities of Chery's "Guardian Battery" system. Its lithium iron phosphate blade battery provides an inherently stable chemical foundation, while the 780MPa high-strength steel underbody armor —combined with a chainmail-inspired structural design—effectively dissipates impact forces. The system's millisecond-response high-voltage cutoff technology (disconnecting circuits within 10ms) eliminates short-circuit risks, and its IP68-rated dustproof certification ensures reliable performance under the most challenging road conditions. The Mexico battery scrape test marks the third stop of Chery Super Hybrid (CSH)'s global safety challenge tour, following rigorous evaluations in China including spiral rollover and dual-vehicle collision test, along with a grueling 53-hour saltwater immersion trial in Indonesia. Chery continues to validate its vehicles under six extreme global conditions—extreme cold, extreme heat, extreme dryness, extreme humidity, high-speed conditions, and rough terrain—positioning itself as the first Chinese automaker to conduct comprehensive extreme safety validation overseas. The automaker further amplifies its safety commitment through high-visibility displays at Dubai International Airport, the world's busiest international travel hub, proclaiming its core safety philosophy: "Safety, for Family." Leveraging its industry-leading battery safety technology, Chery is accelerating its global hybrid market expansion, turning its vision of "Let everyone enjoy five-star protection" into a tangible reality for customers worldwide.

Trump says Aug. 1 tariff negotiation deadline won't be extended
Trump says Aug. 1 tariff negotiation deadline won't be extended

Korea Herald

time8 hours ago

  • Korea Herald

Trump says Aug. 1 tariff negotiation deadline won't be extended

US President Donald Trump said Wednesday this week's deadline for making trade deals with countries will not be extended, as South Korea and other countries are striving to reach a tariff agreement with the United States before the deadline. His remarks in a social media post came as his administration's "reciprocal" tariffs, including 25 percent duties on South Korea, are set to go into force on Friday unless a deal is struck. "THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED," he wrote on Truth Social. "A BIG DAY FOR AMERICA!!!" Meant to address trade barriers to American exports, the steep reciprocal tariffs took effect on April 9, but Trump placed a 90-day pause on them on the same day to allow for negotiations. Later, Trump extended the pause, saying the new levies will take effect on Aug. 1. In a separate post, Trump accused India of having "the most strenuous and obnoxious non-monetary trade barriers of any country," saying that the country will pay 25 percent tariffs, starting Friday. The Trump administration has so far reached a trade deal with Britain, the European Union, Japan, Indonesia, Vietnam and the Philippines. (Yonhap)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store