Editor's note: Kamal Uddin Mazumder, a special commentator on current affairs for CGTN, is a banker from Bangladesh and also a strategic and global economic affairs analyst. The article reflects the author's opinions and not necessarily the views of CGTN.

China has emerged as the global hub of the global supply chain network. The international business community recognizes China's pioneering role in integrating multinational corporations into global supply chains and value chains, thereby establishing open and inclusive supply chains that meet contemporary global demands and challenges.

Numerous factors such as uncertain geopolitics, growing trade protectionism, risk of maritime disruption, new technological breakthroughs and artificial intelligence are changing the global trade structure, industrial landscape and form of global supply chains and industries.

In light of these challenges, China's hosting of the second China International Supply Chain Expo (CISCE), with the theme "Connecting the World for a Shared Future" from November 26 to 30 in Beijing, offers some hope for navigating the negative effects of global supply chain and industrial challenges and creating robust, effective and dynamic supply chain strategies. It also aims to improve the sound operation of global supply chains and industrial systems, mitigate risk and respond to disruptions in this uncertain era by encouraging interaction between Chinese and foreign businesses to improve industrial and supply chain collaboration through better resource allocation, networking momentum and increased efficiency.

Since the expo will bring together businesses of all sizes, connect upstream, midstream and downstream sectors and assist companies in better integrating into global supply chains and industries, it is truly commendable in its fundamental and crucial role as a platform. There is pronounced eagerness to maintain a stable and smooth industry supply chain, as evidenced by the first expo's success and impact, which surpassed global expectations.

This new type of expo will bring together over 600 companies from more than 100 countries and regions, with foreign exhibitors accounting for 32 percent of the total, up from 26 percent at the first expo held last year. The number of foreign companies from the U.S., Europe, and Japan that will be attending this year's expo will be significantly higher than that of the first one, a sign of the growing confidence of foreign investors in the Chinese market and their increased desire to network with their Chinese supply chain partner for global resource allocation. In order to boost the fair share, position and competitiveness of Global South countries in the global supply value chain, China has extended invitations to African exhibitors.

Through the display of six key industrial chains such as advanced manufacturing, digital technology, green agriculture and supply chain service as well as more than 70 innovative products, the CISCE will not only introduce the world to Chinese public goods and innovative products, technologies and services of participating companies, but also connect them with the vital links of the global supply chain. Clean energy, digital technology, smart cars, healthy living, green agriculture and supply chain services are also among the main focus areas of the expo.

These fields are crucial for setting up new supply chain patterns amid challenges in these industries in the current global trade structure. Hubei Province in Central China – the honored guest province at this year's CISCE – will construct a robust supply chain with international companies.

The only nation with a fully-functional industrial system acknowledged by the UN is China. Therefore, how can China be excluded from the global industrial supply chain?  Decoupling any business sector from the second-largest economy in the world would have a direct impact on the whole global business ecosystem.

China has a well-established supply chain with effective logistics, highly qualified technical workers, and an advanced industrial infrastructure. It also contributes to the growth of the global economy by increasing its share of the global supply chain through high-quality international trade, partnerships, investments, technology transfer and scholarship exchanges.

Despite enormous growth and recovery potential, the global economic environment is nonetheless beset by artificial inefficiencies that obstruct development. Because the global supply chain is so interconnected, any interruption in one chain will only hurt the network as a whole.

Just take a look at how China is constructing the global digital economy's supply chain and creating a smart supply chain ecosystem via innovative business models and technological advancements. Through its innovative cross-border e-commerce drive, which stabilizes the supply chain, China manages the modern difficulty of the digital supply channel effectively by making timely deliveries. It provides a model for many countries seeking to build high-quality digital supply chain stability. 

China's strength in high-end manufacturing, green transformation, digital infrastructure, research and development capabilities and advanced technology are all signs of the world's reliance on its supply chains. These factors not only increase competitiveness in the global industrial landscape but also open up new avenues for innovation.

For a stable marine shipping business, the aggressive and unnecessary actions of certain nations along the sea route must be avoided. Among the pressing issues that demand prompt resolutions with open and cooperative engagement are trade protectionism on green products, export restrictions on vital minerals and technical items like semiconductors.

The only way to guarantee a healthy global supply chain is to promote trade liberalization and the market economy, encourage suppliers to work together more closely and lower trade cost-time and investment obstacles.

Since all countries have many similar interests and business prospects, the interconnected and complementary nature of global economic activities needs collaboration. China continues to work to enhance the active role of CISCE as this younger platform is crucial for advancing openness, aid in the creation of a new paradigm for development, and serve as a new means of advancing the development of an open global economy and economic globalization.

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