Latest news with #ChinaInternationalSupplyChainExpo
Malaysia Sun
26-05-2025
- Business
- Malaysia Sun
Roadshow for 3rd China Int'l Supply Chain Expo held in Kuala Lumpur
KUALA LUMPUR, May 26 (Xinhua) -- A roadshow for the 3rd China International Supply Chain Expo was held here on Monday, highlighting further cooperation between China and the Association of Southeast Asian Nations (ASEAN) countries to enhance coordination in industrial and supply chain development. Nearly 200 representatives from trade and investment promotion agencies, business associations, and enterprises from China and ASEAN countries participated in the event. Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), said the CCPIT is ready to work hand in hand with the business community of ASEAN countries to promote bilateral economic and trade ties, strengthen coordination in industrial and supply chains, deepen practical cooperation in multilateral fields, and play an active role in the inaugural ASEAN-China-GCC Summit to promote regional integration. Chang Lih Kang, Malaysian minister of science, technology and innovation, said Malaysia and China share a long-standing mutually beneficial partnership and hoped both sides would put theirs strengths together to build stronger, smarter and more sustainable supply chains. The minister strongly encouraged the business community in Malaysia and ASEAN countries to take part in the third China International Supply Chain Expo. "It's a great opportunity to showcase what we can offer, and even more importantly, to discover what we can build together," he said. Chairman of Malaysia-China Business Council Low Kian Chuan said that with the recent completion of the negotiations on the Version 3.0 China-ASEAN Free Trade Area (CAFTA), both sides will further deepen their long-standing ties, built on mutual respect and shared growth. "This expo serves as a crucial platform for global suppliers and vendors to connect with and integrate into China's extensive supply chain network, promoting greater inclusivity, strengthening resilience, and advancing sustainable growth," he said. The third China International Supply Chain Expo will be held in Beijing from July 16 to July 20 this year, focusing on supply chains of advanced manufacturing, clean energy and other industries.
Yahoo
02-04-2025
- Business
- Yahoo
China-Brazil Economic and Trade Forum Convenes in São Paulo, Strengthening Bilateral Ties
SAO PAULO , April 1, 2025 /PRNewswire/ -- The China-Brazil Economic and Commercial Forum took place in São Paulo, Brazil, on March 28, bringing together high-profile government officials and business leaders from both countries. Keynote speakers included Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT); Luiz Augusto de Castro Neves, President of the Brazil-China Business Council; and Yu Peng, Consul General of China in São Paulo. In his address, Ren Hongbin highlighted the enduring partnership between China and Brazil, emphasizing CCPIT's commitment to expanding economic collaboration under the Belt and Road Initiative (BRI). Leading a delegation of Chinese entrepreneurs, Ren engaged in high-level talks with Brazilian Vice President Geraldo Alckmin, exploring new opportunities in industrial integration, supply chain resilience, and multilateral innovation. China reiterated its support for Brazil's 2024 BRICS presidency and the mutual goal of a "Golden 50 Years" of robust bilateral cooperation and solidarity among Global South nations. Brazilian participants emphasized the resilience and complementary strengths of economic ties between the two nations in the face of global challenges, including rising protectionism, climate change transitions, and technological disruptions. Key opportunities were identified in green energy, high-value industries, and integrated supply chains, with calls for businesses to leverage platforms like the China International Supply Chain Expo (CISCE) to advance sustainable growth. Co-organized by CCPIT and the Brazil-China Business Council, the forum attracted over 100 delegates from trade agencies, chambers, and companies, culminating in on-site agreements worth over US$2 billion spanning agriculture, mining, and CISCE participation. During the visit, Ren Hongbin headed a delegation of over 40 companies, representing key sectors, including agriculture, food processing, finance, infrastructure, energy, telecommunications, and healthcare. The delegation engaged in strategic talks with Brazilian government and business leaders while touring local companies to identify and pursue collaborative opportunities. For more information, please visit View original content to download multimedia: SOURCE China International Supply Chain Expo
Khaleej Times
05-03-2025
- Business
- Khaleej Times
Insight: Is foreign capital really withdrawing from China?
Lately, there has been much talk about foreign investors withdrawing from China on a large scale. Official data show that in 2024, foreign direct investment (FDI) in the Chinese mainland in actual use dropped by 27.1 per cent year on year, while the number of new foreign-invested firms increased by 9.9 per cent from a year ago. Are these two figures in conflict with each other? To answer this question, let's first delve into a story about Walmart's development in the Chinese market. Over the past few years, retail giant Walmart has been actively closing locations across China. Many people just feel like that 'Walmart is withdrawing from China.' But is this the whole picture? Certainly not. On December 18, 2024, Walmart-owned Sam's Club opened its 52nd store in Wenzhou, east China's Zhejiang province. More strikingly, in the third quarter of 2024, Walmart's net sales in China climbed 17 per cent year on year. So how could a company that is allegedly 'pulling out of China' maintain steady sales growth in the Chinese market? Walmart's story highlights important shifts in the Chinese market: as personalised and diversified consumption has emerged as a new trend among Chinese consumers, and with the rapid development of Chinese domestic retailers, traditional business models are struggling to survive in the country. Only those foreign companies that adapt quickly to the evolving Chinese market can succeed. Simply put, the times have changed. The Chinese market is no longer what it used to be, and China's relationship with foreign investment has also changed. Does China still need foreign investment? Before discussing whether foreign investment is leaving the Chinese market, it is essential to clear up one question: Does China still need foreign investment? China has entered a new stage of high-quality development and has moved from capital scarcity to capital abundance. The country is shifting its focus from attracting foreign investment to a new strategy with equal emphasis on both 'bringing in' and 'going global.' However, some argue that 'China no longer needs foreign investment as before.' Some Western media have even hyped up their narrative that 'China is no longer welcoming foreign investors.' Apparently, capital abundance and 'going global' do not mean that China no longer needs foreign investment. In fact, foreign capital remains crucial in China's 'dual circulation' paradigm — the new development pattern that China adopted in 2020, which takes the domestic market as the mainstay while allowing domestic and foreign markets to reinforce each other. Over the past few years, China has introduced a range of measures for voluntary and unilateral opening up on a larger scale and at a higher level. For instance, it has hosted the China International Import Expo and the China International Supply Chain Expo, reduced negative lists for foreign investment, and granted national treatment to foreign-funded enterprises. With lower entry barriers, more small- and medium-sized foreign-invested enterprises are entering the Chinese market, which can explain the rapid increase in the number of new foreign-funded enterprises in the country. Why has the scale of FDI declined? Industrial investment is a long-term, rational economic decision influenced by multiple factors in the medium and long term. Therefore, fluctuations in investment align with economic patterns. In the medium term, China has attracted over one trillion yuan ($136.85 billion) each year in foreign investment for three consecutive years since 2021. The large foreign capital inflow has unleashed investment demand in the country, and the drop in foreign direct investment in 2024 falls within normal economic cycles. From a long-term perspective, global cross-border investment is shifting toward service-oriented and asset-light industries, thereby leading to a periodic discrepancy between the scale of foreign investment in actual use and the number of new foreign-invested enterprises. Currently, around 70 percent of foreign investment in China flows into the services sector, which is characterized by asset-light business models, thereby significantly impacting the overall scale of foreign investment. The next 'China' is still China. How do foreign-invested enterprises view the Chinese market? 'The next 'China' is still China.' This is a sentiment widely shared by global investors. Today's China is experiencing technological breakthroughs and a talent boom, which have led to a substantial increase in total factor productivity and more added value for the 'world factory.' The huge Chinese market has become a 'global market,' stimulating domestic demand and providing immense opportunities for foreign companies. Undoubtedly, a constantly developing China with strong growth momentum remains highly attractive to foreign investors. At the same time, in China's highly competitive open market, foreign-funded enterprises must bring their best expertise to secure a foothold. In recent years, some foreign enterprises that failed to keep up with the changing Chinese market have withdrawn, while more high-tech foreign investors have come in. Meanwhile, some Western countries have politicized economic and trade issues in recent years, leading to a continuous downturn in global cross-border investment and presenting challenges to China's ability to attract foreign direct investment. The tougher the external environment, the more necessary it is for China to respond to global uncertainties with higher-quality development and higher-level opening up. As always, China remains firmly committed to opening up and win-win cooperation with foreign investors. No matter what, this remains true: partnering with China means embracing future opportunities, and investing in China is investing in the future.
Associated Press
04-03-2025
- Business
- Associated Press
Is foreign capital really withdrawing from China?
BEIJING, March 4, 2025 /PRNewswire/ -- A report from People's Daily: Lately, there has been much talk about foreign investors withdrawing from China on a large scale. Official data show that in 2024, foreign direct investment in the Chinese mainland in actual use dropped by 27.1 percent year on year, while the number of new foreign-invested firms increased by 9.9 percent from a year ago. Are these two figures in conflict with each other? To answer this question, let's first delve into a story about Walmart's development in the Chinese market. Over the past few years, retail giant Walmart has been actively closing locations across China. Many people just feel like that 'Walmart is withdrawing from China.' But is this the whole picture? Certainly not. On Dec. 18, 2024, Walmart-owned Sam's Club opened its 52nd store in Wenzhou, east China's Zhejiang province. More strikingly, in the third quarter of 2024, Walmart's net sales in China climbed 17 percent year on year. So how could a company that is allegedly 'pulling out of China' maintain steady sales growth in the Chinese market? Walmart's story highlights important shifts in the Chinese market: as personalized and diversified consumption has emerged as a new trend among Chinese consumers, and with the rapid development of Chinese domestic retailers, traditional business models are struggling to survive in the country. Only those foreign companies that adapt quickly to the evolving Chinese market can succeed. Simply put, the times have changed. The Chinese market is no longer what it used to be, and China's relationship with foreign investment has also changed. Does China still need foreign investment? Before discussing whether foreign investment is leaving the Chinese market, it is essential to clear up one question: Does China still need foreign investment? China has entered a new stage of high-quality development and has moved from capital scarcity to capital abundance. The country is shifting its focus from attracting foreign investment to a new strategy with equal emphasis on both 'bringing in' and 'going global.' However, some argue that 'China no longer needs foreign investment as before' or even hyped up their narrative that 'China is no longer welcoming foreign investors.' Apparently, capital abundance and 'going global' do not mean that China no longer needs foreign investment. In fact, foreign capital remains crucial in China's 'dual circulation' paradigm - the new development pattern that China adopted in 2020, which takes the domestic market as the mainstay while allowing domestic and foreign markets to reinforce each other. Over the past few years, China has introduced a range of measures for voluntary and unilateral opening up on a larger scale and at a higher level. For instance, it has hosted the China International Import Expo and the China International Supply Chain Expo, reduced negative lists for foreign investment, and granted national treatment to foreign-funded enterprises. With lower entry barriers, more small- and medium-sized foreign-invested enterprises are entering the Chinese market, which can explain the rapid increase in the number of new foreign-funded enterprises in the country. Why has the scale of foreign direct investment declined? Industrial investment is a long-term, rational economic decision influenced by multiple factors in the medium and long term. Therefore, fluctuations in investment align with economic patterns. In the medium term, China has attracted over one trillion yuan ($136.85 billion) each year in foreign investment for three consecutive years since 2021. The large foreign capital inflow has unleashed investment demand in the country, and the drop in foreign direct investment in 2024 falls within normal economic cycles. From a long-term perspective, global cross-border investment is shifting toward service-oriented and asset-light industries, thereby leading to a periodic discrepancy between the scale of foreign investment in actual use and the number of new foreign-invested enterprises. Currently, around 70 percent of foreign investment in China flows into the services sector, which is characterized by asset-light business models, thereby significantly impacting the overall scale of foreign investment. The next " China " is still China. How do foreign-invested enterprises view the Chinese market? 'The next 'China' is still China.' This is a sentiment widely shared by global investors. Today's China is experiencing technological breakthroughs and a talent boom, which have led to a substantial increase in total factor productivity and more added value for the 'world factory.' The huge Chinese market has become a 'global market,' stimulating domestic demand and providing immense opportunities for foreign companies. Undoubtedly, a constantly developing China with strong growth momentum remains highly attractive to foreign investors. At the same time, in China's highly competitive open market, foreign-funded enterprises must bring their best expertise to secure a foothold. In recent years, some foreign enterprises that failed to keep up with the changing Chinese market have withdrawn, while more high-tech foreign investors have come in. As always, China remains firmly committed to opening up and win-win cooperation with foreign investors. No matter what, this remains true: partnering with China means embracing future opportunities, and investing in China is investing in the future.
