International business leaders affirm China's role in global supply chains

The fourth China International Supply Chain Expo (CISCE) opened in Beijing on Monday, drawing international business leaders to debate how resilient supply chains can support global trade in a complex environment.

Running through Friday, the five-day expo includes supply chain exhibitions in digital technology, advanced manufacturing, green agriculture, healthy life, smart vehicle, and clean energy, as well as a supply chain service zone.

Compared with the previous three editions, the fourth CISCE has a marked increase in internationalization. The number of exhibitors has grown from 515 in the inaugural expo to 676 this year, representing 85 countries, regions and international organizations.

Foreign-founded exhibitors account for 36.5 percent, while Fortune 500 companies and industry leaders account for 65 percent.

This year's expo has set up an artificial intelligence zone for the first time, gathering leading enterprises in the field such as Nvidia, Intel, and Qualcomm, to showcase the complete ecosystem from data collection, intelligent computing to scene application in a full chain.

"Logistics companies and customers, they connect the world. And every supply chain is also an information system. And AI will give this system intelligence. China is one of the world's great centers of technology and industry. The engineers are excellent, developers move fast, companies build at remarkable scale," said Nvidia CEO Jensen Huang.

"Because I think it does show the relevance people want to talk about: How do we make effective supply chains function in this time? Well, you think about how much China exports, you need functioning supply chains. So there's actually a need for you to think about what are the rules that enable that to happen? How do you actually work together with a group like the International Chamber of Commerce to create as much as possible for trade?"said John Denton, the secretary-general of the International Chamber of Commerce.

As the world's first national-level exhibition focusing on supply chains, the China International Supply Chain Expo is an internationally shared public good.

First held in 2023, the expo has contributed to building more secure, stable, open and inclusive global industrial and supply chains.

International business leaders affirm China's role in global supply chains

Tokyo stocks tumbled on Tuesday, with the benchmark Nikkei index falling below the 70,000 mark after snapping an eight-session winning streak, as investors took profits amid concerns over an overheated market.

The 225-issue Nikkei Stock Average ended down 2,565.58 points, or 3.55 percent, from Monday at 69,788.38.

The broader Topix index, meanwhile, finished 104.67 points, or 2.56 percent, lower at 3,990.38.

On the top-tier Prime Market, nonferrous metal, electric appliance, and information and communication issues were notable decliners.

The Nikkei briefly traded higher at the open but soon reversed course as selling pressure mounted after the index had surged more than 8,100 points during its eight-session advance.

Heavyweight technology shares, particularly recent gainers such as Kioxia Holdings Corp. and Tokyo Electron, led the decline. The selloff was partly cushioned as dip-buyers stepped in.

Losses extended in the afternoon, with the Nikkei diving more than 3 percent toward the close.

Tokyo stocks slump on overheating concerns