US companies' presence at CISCE vote of no to decoupling
The first China International Supply Chain Expo (CISCE) took place, with American companies representing 20% of foreign exhibitors. Their participation shows the interconnectedness of supply chains between China and the US and opposes the concept of decoupling. The US government launched the Supply Chain Resilience Center to reduce reliance on high-risk foreign supplies. The expo aims to foster global connectivity in the supply chain industry, with leading American companies like Amazon, Apple, and Tesla participating. China's commitment to engaging with the global supply chain system is demonstrated through hosting the CISCE.
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Frequently Asked Questions (FAQs)
US companies' presence at CISCE vote of no to decoupling - China Daily
1. What is CISCE?
The China International Supply Chain Expo (CISCE) is an exposition event held in China, which aims to showcase the international supply chain and foster business connections.
2. What was significant about US companies' participation in the first CISCE?
US companies represented a significant proportion, making up 20 percent of the foreign exhibitors at the event. This strong presence was seen as a clear gesture against further economic decoupling between the US and China.
3. Why is the participation of US firms at CISCE considered a 'vote of no to decoupling'?
By participating actively in CISCE, US firms demonstrated their interest in maintaining and strengthening the business and supply chain ties with China, despite political tensions. It indicates their commitment to continue trans-Pacific business relationships rather than decoupling or retracting into separate economic spheres.
4. How does China view the concept of 'decoupling' with the US?
China has expressed a desire to avoid supply chain decoupling and seeks closer ties with the US and other countries, as stated by Chinese officials. The country's stance was emphasized during the Supply Chain Expo, suggesting that China is against the idea of breaking off business links with the United States.
5. What actions has the US taken that suggest a focus on supply chain resilience?
The US has shown concern for supply chain security and resilience by forming the White House Council on Supply Chain Resilience, chaired by President Joe Biden. This council has outlined various measures to strengthen the supply chain within the US.
6. Does China encourage the participation of foreign companies in such expos?
Yes, China has been encouraging the participation of foreign businesses in expos like CISCE to foster a more interconnected global economy and discourage the trend towards decoupling.
7. What is the stance of American consumers regarding decoupling according to China Daily?
The editorial opinion suggests that American consumers are paying a price due to the decoupling efforts. However, the specifics of the said "price" are not detailed in the information provided.
Please note that the links provided do not contain direct quotes for these FAQs, and so the answers are paraphrased based on the context.