Officials, executives call for global supply chain stability

Maintaining the stability of global supply chains is essential for addressing challenges confronting businesses worldwide, such as escalating costs, geopolitical tensions and rising protectionism, which could further fuel global inflation, government officials and business leaders said on Tuesday.

Delivering a keynote speech at the opening ceremony of the second China International Supply Chain Expo in Beijing, Vice-President Han Zheng said that China is willing to work with all countries to promote the establishment of an open world economic system and ensure the stability and smooth operation of global industrial and supply chains.

This year's expo, which runs through Saturday, has attracted over 620 Chinese and foreign companies, marking a 20 percent increase in the number of exhibitors compared with the first edition, according to the China Council for the Promotion of International Trade, the organizer of the event. The proportion of overseas exhibitors has climbed from 26 percent to 32 percent, it said.