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Promoting international cooperation in industrial and supply chains

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BEIJING, Nov. 21, 2024 /PRNewswire/ — This is an article from China.org.cn:

Chinese President Xi Jinping has emphasized that in a world of economic globalization, only by upholding openness and cooperation in global industrial and supply chains can win-win development be achieved. The resolution adopted at the third plenary session of the 20th Central Committee of the Communist Party of China (CPC) proposed facilitating international cooperation in industrial and supply chains. In alignment with these instructions, the China Council for the Promotion of International Trade (CCPIT) has embraced its mission by safeguarding the public-good nature of industrial and supply chains, fostering connections between government and business, integrating domestic and global markets, and streamlining coordination between supply and demand. As part of these efforts, the CCPIT is meticulously preparing for the second China International Supply Chain Expo (CISCE), so as to contribute to the development of an open global economy and the building of a community with a shared future for humanity.

Rapid reconstruction of global industrial and supply chains

The world today is undergoing major changes unseen in a century. Profound and complex shifts in the international political and economic landscape are marked by frequent local conflicts and turmoil, intensified rivalries among major powers, and a rising wave of anti-globalization. Against this backdrop, the restructuring of global industrial and supply chains is occurring at an accelerated pace.

On one hand, a new wave of scientific and technological revolutions, represented by information technology, artificial intelligence and new energy, is rapidly advancing. Digitalization and green transition have emerged as the primary directions for upgrading and modernizing industrial and supply chains. In response to these sweeping technological and industrial trends, countries around the world are making forward-looking strategies and investments. Breakthroughs in cutting-edge technologies are triggering changes in traditional industrial chains, giving rise to new fields and sectors such as artificial intelligence, green energy and biomedicine. These developments are significantly enhancing the efficiency and quality of supply systems, generating substantial new demand, and creating opportunities for global cooperation in industrial and supply chains while injecting new vitality into development.

On the other hand, due to the rise of protectionism, public health crises and geopolitical turmoil in recent years, industrial and supply chain cooperation has shown tendencies of politicization and securitization. Some nations are promoting “decoupling” and “small yard, high fence” policies, prompting multinational companies to shift their priorities from pursuing “cost and efficiency” to balancing “efficiency and security.” This trend has driven global industrial and supply chains toward onshoring, nearshoring and friendshoring, heightening the risk of economic fragmentation.

Given the diverse resource endowments and development levels of different countries, economic and trade cooperation remains the only viable path to achieving complementary strengths and mutual benefits. As the world’s largest developing country, China has long been committed to its own development while deeply participating in global industrial and supply chain cooperation, continuously making new contributions to the stability and resilience of global industrial and supply chains.

China as a pillar of stability for global industrial and supply chains

Security and stability are the cornerstones of development. Achieving these requires enhancing global resource coordination of key industrial chains, ensuring that countries and businesses have reliable partners and stable development expectations. 

China has the world’s most comprehensive industrial categories and a well-rounded industrial system, with manufacturing value-added accounting for around 30% of the global total, and over 40% of major industrial products ranking first in global output. In recent years, China’s position in mid-to-high-end industries, such as electronics, electrical equipment and machinery, has risen rapidly within the global division of labor. This has provided significant support for the stable operation of global industrial and supply chains, establishing China as a solid and reliable player in the global economic system.

The world economy operates as an interconnected whole. It requires the seamless circulation and effective allocation of production factors, while China plays a pivotal role in driving global connectivity. 

With high-quality Belt and Road Initiative (BRI) cooperation as a guide, China has focused on strengthening the “hard connectivity” of infrastructure and the “soft connectivity” of rules and standards with partner countries. To date, China has signed over 200 BRI cooperation agreements with more than 150 countries and 30 international organizations, aligning development strategies, management rules and standards. Landmark projects such as the China-Europe Railway Express, the Hungary-Serbia Railway and the Jakarta-Bandung High-Speed Railway have been completed, significantly reducing cross-border transportation and transaction costs while enhancing the quality and efficiency of global industrial and supply chains.

China pursues a proactive strategy of opening up and sharing the benefits of its vast market of over 1.4 billion people with the world. It has become the primary trading partner for more than 150 countries and regions, firmly maintaining its position as the world’s second-largest consumer market and the largest trading nation in goods. More than 90% of foreign-funded enterprises in China are oriented toward the Chinese market. By continuously easing market access, fostering a market-oriented, law-based and internationalized business environment, and attracting foreign investment on a global scale, China provides multinational companies with broad opportunities for growing their global presence.

Openness and inclusiveness are vital for fostering shared development and prosperity. Promoting the integration of global industrial and supply chains while driving the green, low-carbon transition is essential. 

Upholding the principles of harmony and coexistence, China has proposed initiatives on supply chain cooperation at such multilateral platforms as APEC, the G20 and BRICS, urging all parties to eliminate non-economic disruptions in trade relations. China has actively promoted international cooperation in green development. It has significantly enriched global supply with high-quality production capacities in electric vehicles, lithium batteries and photovoltaic products, contributing to the green development of global industrial chains. China also hosted the ASEAN Plus Three Industrial Chain & Supply Chain Partnering Conference to help enterprises in relevant countries integrate into global industrial and supply chains.

Building closer global industrial and supply chain partnerships

In line with President Xi’s directives, the CCPIT successfully launched the inaugural CISCE in 2023. This is the world’s first national-level supply chain expo, which has played a pivotal role in facilitating connections across the upstream, midstream and downstream sectors, promoting collaboration among enterprises of all sizes, fostering partnerships between industry, academia and research, and enhancing dealings between Chinese and international businesses. As a new open platform for win-win global partnerships, it strengthens cooperation between China and the world. 

The second CISCE is going to take place in Beijing from Nov. 26 to 30, 2024. We will adhere to the principles of internationalization, specialization, market orientation and green development in organizing the event. We aim to amplify the expo’s role as a hub for trade promotion, investment cooperation, innovation and knowledge exchange, working alongside all stakeholders to build a closer global industrial and supply chain partnership. This will contribute to the recovery and growth of the global economy.

We will enhance CISCE’s role as a window for high-level opening up. This year, CCPIT has hosted over 60 roadshows globally, inviting enterprises and stakeholders from around the world to participate in the second CISCE. Five international organizations – the United Nations Conference on Trade and Development (UNCTAD), the United Nations Industrial Development Organization, the World Intellectual Property Organization, the International Trade Centre (ITC) and the International Chamber of Commerce – have joined as supporting units. 

The expo has attracted more than 600 companies and institutions from nearly 70 countries, a 20% increase from its debut. Notably, over 60% of participants are either Fortune Global 500 companies or industry leaders. The percentage of overseas exhibitors has risen from 26% to 32%, with equal representation from Europe and the U.S and over 40 BRI partner countries. Delegates from over 100 countries and organizations will gather to explore the theme of “Connecting the World for a Shared Future.”

We will strengthen the platform to serve the new development pattern. The 2024 CISCE serves as a bridge for industrial integration, innovative promotion and market connectivity between China and the world. It uses supply chains as a catalyst for long-term collaboration between Chinese and foreign companies, to foster a precise and dynamic corporate ecosystem.

The new advanced manufacturing chain exhibition area will focus on developing new quality productive forces with nearly 80 leading global enterprises showcasing cutting-edge technological achievements from front-end designs to end-use applications, enhancing exchanges with innovation as well as cooperation. 

Over 70 new products, technologies and services will debut alongside targeted initiatives, such as promoting high-quality industrial chains in the Yangtze River Delta and showcasing investment opportunities in the Hainan Free Trade Port. These efforts aim to turn exhibitors into investors, fostering deeper engagement and investment of global enterprises in China.

We will enrich mechanisms to foster an open and inclusive global economy. The CISCE encourages joint participation by Chinese and international enterprises. For example, Rio Tinto, Bosch, Baowu and XPeng will jointly depict a comprehensive upgrade of the smart and green automotive industry. Fonterra, together with its Chinese supply chain partners, will demonstrate sustainable development of the “farm-to-table” ecological chain. Lenovo and SAP will highlight innovations in private cloud and commercial AI. 

The expo will release the Global Supply Chain Promotion Report 2024, the Global Supply Chain Promotion Index and the Connectivity Index as well as will gather Chinese and foreign guests to discuss sustainable market initiatives and the New International Land-Sea Trade Corridor, thus providing suggestions for promoting open global cooperation.

We will broaden practical pathways for building a community with a shared future for humanity. This year, the CCPIT has been proactively sharing China’s experiences in strengthening cooperation with global supply chains. It facilitated a joint APEC proposal on supply chain resilience with US business leaders, organized a delegation for the UNCTAD Global Supply Chain Forum and co-hosted a seminar on building greener and more resilient supply chains with the ITC at the World Trade Organization Public Forum.

The 2024 CISCE will release a “Beijing Initiative” to promote international cooperation in industrial and supply chains, and support the launch of industrial alliance initiatives across its six key industrial chains and one exhibition area, thus to broaden global consensus. Focusing on expanding unilateral opening up to the least developed countries, the CCPIT will support exhibitors from Africa, the Pacific Islands and the Caribbean, demonstrating in concrete actions China’s commitment to inclusivity and shared prosperity.

The author is chairman of the China Council for the Promotion of International Trade.
This article was written in Chinese and translated by China.org.cn.
Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.

Promoting international cooperation in industrial and supply chains
http://www.china.org.cn/opinion/2024-11/21/content_117561461.htm

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GAC Wins 8 Awards, Including 4 First Prizes, Showcasing Technological Innovation Strength

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October 31, 2026

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SUZHOU, China, Oct. 31, 2026 /PRNewswire/ — On October 28, GAC won 8 awards at the 2026 China-SAE Science and Technology Award ceremony in Suzhou, Jiangsu. In the fields of automotive chips, electric drive, vehicle safety, intelligent driving governance and body design, four first prizes were awarded to two GAC-led projects and two GAC-participated projects, and one GAC-led project won second prize.

In chips, GAC’s led project built a full-chain path from vehicle definition to scale application, working with 105 partners to apply nearly 400 chip models and over 1,000 domestic chips. The HYPTEC GT Special Edition, China’s first ICV with 100% domestically designed chips, has been launched.

In electric drive, GAC pioneered mass production of amorphous alloy stators and carbon-fiber high-speed rotors, becoming the world’s only company to mass-produce amorphous alloy automotive motors. Its amorphous ribbon is just 0.025 mm thick. The motor reaches 99.03% peak efficiency, 17.29 kW/kg power density (@1000V)—nearly three times the industry mainstream—and 30,000 rpm maximum speed; system CLTC efficiency reaches 94.184%. For users, energy consumption drops 4%, and range rises 30-50 km with the same battery capacity. It has been applied to HYPTEC, AION and AISTALAND models and promoted to other automakers. The related precision manufacturing technology won the Gold Medal with Congratulations of the Jury at the 51st International Exhibition of Inventions of Geneva.

In safety, the GAC-led project with Tsinghua University won second prize. It developed China’s first ASIL-D fully domestic safety controller, real-time risk quantification, active-suspension side-impact mitigation, a rear-window airbag and an “automaker-traffic police-hospital” integrated rescue model. It has been applied to 20 models with cumulative sales of 1.446 million units.

In addition, GAC’s participated L2-L4 safety governance project helped establish a full-lifecycle system covering pre-admission, in-process supervision and post-event traceability. Its participated BIW project features an AI-based body design system that generates concept schemes within 5 hours, with over 95% stiffness prediction accuracy and over 30% higher design efficiency; it has been applied to the second-generation GAC GS8, GAC ES9 and GAC All-new S7.

Looking ahead, GAC will uphold innovation-driven development, advance core technology breakthroughs and commercialization, and support high-quality development of China’s auto industry.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social.

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ScienceOra Demonstrates AI-Assisted Hydrogen-Production Catalyst Design Workflow at Tencent Global Digital Ecosystem Summit

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October 31, 2026

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The workflow spans literature analysis, candidate design, experimental planning and industrial decision support, extending AI4S into materials research

SHENZHEN, China, Oct. 30, 2026 /PRNewswire/ — Wenge AI demonstrated an AI-assisted hydrogen-production catalyst design workflow supported by ScienceOra at the 2026 Tencent Global Digital Ecosystem Summit. The demonstration showed how AI for Science (AI4S) can connect literature analysis, catalyst candidate design, experimental planning and industrial decision support, helping materials researchers translate scientific evidence into actionable research plans.

ScienceOra is Wenge AI’s intelligent research decision platform, built on the ScienceOne Scientific Foundation Model. For specialist research tasks such as materials development, the platform brings together scientific models, professional literature, research data and tools to support information access, research-plan development and scientific decision-making.

From literature analysis to catalyst candidate design

The demonstration focused on the design of a high-entropy alloy catalyst for the alkaline hydrogen evolution reaction. To address the need for high activity and durability, ScienceOra searched professional literature and drew on published research methods and elemental properties to support the development of candidate designs. It also cross-checked optimization proposals against relevant literature, providing researchers with references that could be reviewed and verified.

Rather than simply generating material formulations, the workflow connects documentary evidence, materials knowledge and specific design objectives to support more targeted analysis of candidate solutions. Researchers remain responsible for assessing scientific validity and determining subsequent research directions.

From experimental planning to industrial decision support

For experimental planning, ScienceOra can assist in developing research protocols around candidate designs, helping researchers organize experimental variables and producing testing standard operating procedures (SOPs) and related reference information for subsequent validation.

For industrial applications, the platform can also support comparative analysis across dimensions such as the feasibility of scaled hydrogen production, performance at industrially relevant current densities, durability, raw-material availability and compatibility with mass-production synthesis processes. It can then assist in establishing decision priorities, screening criteria and process-improvement recommendations.

Candidate designs, experimental plans, process recommendations and references can be consolidated into a structured research report, helping R&D teams assess scientific evidence alongside engineering constraints. AI provides analytical and decision support, while experimental testing and scientific validation remain essential parts of materials research.

Previously disclosed collaboration reports design efficiency and activity improvements

In a previously disclosed industry–research collaboration on hydrogen-production catalyst design, ScienceOra supported literature analysis and research-plan development. The collaboration reported a 38% improvement in catalyst activity and reduced the design stage from several months to 30 minutes. The case illustrates the potential of domain-specific AI to connect scientific literature, research design and engineering requirements.

ScienceOra was recently made available on Tencent WorkBuddy, with an initial offering of more than 30 research expert agents and skills covering literature analysis, research hypotheses, plan design, modeling and simulation, validation analysis and research communication. The conference demonstration further illustrated how ScienceOra can be applied to specialist materials research, as AI4S moves beyond general information processing toward support for research workflows and industrial R&D decision-making.

For more information, visit https://www.scienceone.ai/portal/.

About Wenge AI

Wenge AI (1956.HK) is a provider of artificial intelligence technology and service platform products for enterprises. With self-developed large models as its core, the company helps enterprises build practical intelligent platforms and applications. Founded by a team of AI scientists from the Chinese Academy of Sciences, Wenge AI has deep technological expertise in large models, cognitive intelligence and complex-system modeling, and is committed to advancing AI from technological capabilities to enterprise-level applications.

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Cake Digital Bank Wins Gold at Qorus-Infosys Finacle Banking Innovation Awards 2026

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October 31, 2026

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ROME, Oct. 31, 2026 /PRNewswire/ — Cake Digital Bank, a digital-only bank from Vietnam, has won Gold at the Qorus-Infosys Finacle Banking Innovation Awards 2026 for its initiative, “Reinventing Financial Experiences Through an AI-First Banking Model.” Cake was the only financial institution from Vietnam recognized at this year’s awards.

The winners were celebrated in Rome, Italy, during Infosys Finacle Conclave 2026. The 13th edition of the awards attracted 538 submissions from 206 financial institutions across 68 countries, with 37 institutions recognized across ten award categories. The selection process combined voting by industry peers with evaluation by an expert jury of 81 senior banking executives.

The award-winning institutions included leading international banking names such as Santander, Commonwealth Bank, DBS, Maybank, and CaixaBank, reflecting the global scope and competitive landscape of the awards.

John Berry, Chairman of Qorus, observed that the banking industry is entering a new era in which AI is becoming integral to innovation, transforming initiatives and expanding the possibilities of financial services.

Building an AI-First Banking Model from the Ground Up

As artificial intelligence becomes increasingly central to banking innovation, financial institutions face a growing challenge: translating technological capabilities into better customer experiences, greater operational efficiency, and sustainable business performance.

Cake’s AI-first approach reflects this industry shift while taking a different starting point. Rather than integrating AI into established banking processes, Cake was built as a digital-only bank from the outset, embedding AI, data, and automation into its technology architecture, operating model, and customer journeys.

This greenfield foundation has enabled Cake to develop an integrated AI-first banking model, where technology supports how the bank makes decisions, manages operations, and delivers financial services at scale.

Supported by its independently developed core banking and card management systems, Cake applies AI across the banking value chain, from customer onboarding, credit assessment, and fraud prevention to risk management, customer service, and personalized financial recommendations.

Beyond operational efficiency, Cake has also invested in localized AI capabilities designed specifically for Vietnamese users, enabling more accessible, responsive, and personalized financial experiences.

Scaling Growth with Efficiency and Sustainable Business Performance

Nearly six years since its launch, Cake has grown to serve more than 8 million customers, demonstrating the scalability of its branchless digital banking model.

Cake achieved positive EBITDA in Q3 2024, just 3.5 years after launch, marking a significant milestone in demonstrating the viability of its digital-only banking model. The bank subsequently recorded 173% year-on-year revenue growth in 2025, followed by a further 121% growth in 2026, reflecting sustained business momentum as it continues to scale. Meanwhile, average revenue per user (ARPU) increased from USD 12 in 2024 to USD 44 in 2026, highlighting Cake’s ability to generate greater value from its growing customer base.

Beyond customer acquisition, Cake’s growth strategy increasingly focuses on deepening customer relationships and expanding the range of financial needs served through its platform and partner ecosystems. This approach reflects the bank’s evolution toward a mature digital banking model, where scale is complemented by stronger customer engagement, operational efficiency, and long-term business sustainability.

Nguyen Huu Quang, CEO of Cake Digital Bank, said:

“Winning Gold at the Qorus-Infosys Finacle Banking Innovation Awards is a meaningful international recognition of Cake’s AI-first banking model. From the beginning, our ambition has been to build a digital bank that combines technological innovation with sustainable business performance, while making financial services simpler, more accessible, and more relevant to customers. This recognition reinforces our commitment to delivering world-class banking experiences for Vietnamese users and continuing to advance our AI-first capabilities.”

The Gold Award marks another milestone in Cake’s development as a next-generation AI-first digital bank. It also demonstrates how a banking model developed and scaled in an emerging market can deliver meaningful customer and business outcomes, contributing practical perspectives to the global conversation on the future of digital banking.

In September 2026, Cake was also named “Vietnam’s Best Digital Bank” by Euromoney under its Group Level Banking Awards, further recognizing the bank’s progress in strategy, technology, and business performance.

About the Qorus-Infosys Finacle Banking Innovation Awards

The Qorus-Infosys Finacle Banking Innovation Awards are jointly organized by Qorus, a global association for retail financial institutions, and Infosys Finacle, a digital banking solutions provider. Now in their 13th edition, the awards recognize innovative initiatives and banking models that deliver meaningful impact across the global financial services industry.

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