Featuring multiple highlights, more innovation and greener practices, the third China International Supply Chain Expo (CISCE) was held from July 16 to 20 in Beijing, demonstrating the country's ongoing striving for high-standard opening up.

Chinese Vice Premier He Lifeng said on July 16 that China will adhere to the principles of division of labor and cooperation, openness and inclusiveness, while acting as a promoter of mutual benefits and win-win outcomes in global industrial and supply chains.

Themed "Connecting the World for a Shared Future," the event attracted 651 companies and institutions from 75 countries and regions, with overseas exhibitors accounting for 35 percent, a three-percentage-point increase from last year.

"This high-level expo is crucial for both our nations because it promotes trade, investment, cooperation, innovation, and learning within the global supply chain ecosystem," South Africa's Deputy President Paul Mashatile said on July 16.

This year was South Africa's first participation at the CISCE. "It is our firm belief that the CISCE will be instrumental in linking up Chinese buyers and importers with the South African producers at the stands today," Mashatile said, urging all stakeholders to seize these opportunities, foster partnerships, share best practices, and collectively shape the future of supply chain management to build a more connected, resilient, and prosperous world.

Bolivia's participation in the expo reflects its confidence in the Chinese market, according to Bolivian Ambassador to China Hugo Siles. He described the event as an ideal space for connecting with suppliers and buyers of export products, as well as for promoting trade and technological innovation.

The CISCE is an excellent opportunity to establish a network of cooperation partners, according to Ndusi Ruziga, economic counsellor at the Embassy of the Democratic Republic of the Congo (DRC) in China. This year marked the DRC's second participation in the expo, showcasing the country's numerous unique advantage products, ranging from mineral resources to agricultural products.

The expo has become a major platform for companies from all countries to enhance resource sharing and technology interconnection.

Among the first-time multinational participants were major players such as Nvidia, Schneider Electric, L'Oreal, Louis Dreyfus and Medtronic.

China's open-source AI is a catalyst for global progress and Chinese AI models are "world-class," Nvidia's CEO Jensen Huang said when addressing the expo's opening ceremony.

Huang told the media that he expects to get the first batch of U.S. export licenses soon, so Nvidia can resume shipments of its H20 AI chips to China, while underlining the importance of U.S. access to the Chinese market.

The announcement from Nvidia boosted tech firms around the world, with Wall Street's Nasdaq exchange rising to another record high, according to AFP.

"The CISCE shows not only the global business community's unwavering commitment to upholding the smooth operation of industrial and supply chains but also an industrial ecosystem where global supply chains are deeply integrated and enterprises worldwide thrive through mutual success," Yu Jianlong, vice chairman of the China Council for the Promotion of International Trade, said during a press briefing on the expo.