US companies were a major presence at the China International Supply Chain Expo that kicked off on June 22, the day that the government added more of their compatriots to China’s export control list.
Nvidia CEO Jensen Huang addressed the event in a video message, underscoring the US-based artificial intelligence chip company’s Chinese focus. “China is one of the world’s great centers of technology and industry,” he said. “The engineers are excellent. Developers move fast. Companies build at remarkable scale.”
Chinese exporters are banned from exporting dual-use items to companies on the export control list. The measure also bans foreign organizations and individuals from providing dual-use items originating in China to these entities.
This hot-and-cold approach to US businesses reflects China’s efforts to maintain and develop supply chains centered on itself, even as Washington calls for decoupling for economic security reasons.
The expo’s opening ceremony featured a speech by vice premier Ding Xuexiang, who emphasized the importance of international cooperation in stabilizing global supply chains. Ding is the number six official in China’s ruling party.
