Saturday, December 2, 2023
Xinhua Silk Road: China int'l service trade fair highlights new features of China's trade, open economy
  SocialTwist Tell-a-Friend  

BEIJING, Sept. 25, 2023 /PRNewswire/ -- China is demonstrating its long-lasting pursuit of innovation, inspiration, and willingness for higher-level opening up at the recently concluded 2023 China International Fair for Trade in Services (CIFTIS), which has grabbed the world's attention with new products and new paths of development.

People visit the 2023 China International Fair for Trade in Services (CIFTIS) at China National Convention Center in Beijing, capital of China, Sept. 4, 2023. Themed "Opening-up leads development, cooperation delivers the future," the 2023 CIFTIS is held in Beijing from Sept. 2 to 6.

With the theme "openness leads development, cooperation creates a win-win future," the fair was held in Beijing from Sept. 2 to 6. The event has attracted over 500 Fortune 500 enterprises and representatives of 80 countries and international organizations, with the proportion of international participants exceeding 20 percent.

The CIFTIS, one of the world's largest and most comprehensive fairs for trade in services, has attracted many enterprises to debut their new products and new services. It is learned that more than 60 enterprises and organizations in the fields of artificial intelligence (AI), financial technology (fintech), healthcare and culture and innovation rolled out their new products and services at the CIFTIS, demonstrating trending innovations in various industries.

AI-powered products and service are penetrating into people's daily life. The process has been accelerated by the CIFTIS as the event contributes to the commercialization of technologies.

As China manufacturing is becoming more intelligent, China's service also gears up for the knowledge-intensive trend, featuring digitalization, intelligence and greenization.

According to data from China's Ministry of Commerce (MOC), exports of digitally deliverable services from China exceeded 251 billion U.S. dollars last year, up 7.8 percent year on year, ranking the fifth place in the world.

Trade in knowledge-intensive services grew 11.7 percent in the January-July period, accounting for 43.2 percent of the country's total trade volume, the data showed.

Chen Jianwei, associate professor at China's University of International Business and Economics, said that the growing share of trade in knowledge-intensive services indicates the country's upgraded and optimized service trade structure.

Besides, the forums and conferences are centering on themes such as the Belt and Road Initiative (BRI), technological innovation and new business forms in the cultural tourism industries, showing that participants are willing to work together and share opportunities.

China is also working on rules and regulations concerning service trade, with an aim to provide better business environment for foreign investors and invite foreign investments in the fields of modern services, energy-saving industry and research and development (R&D) and innovations, according to a senior official at the MOC.

Original link:

Photo -

Cision View original content:

More News by PR Newswire India

Kushal's Fashion Jewellery Festive Collection, adorned by Tara Sutaria, beautifully combines glamour and elegance

Unilumin Group Signed an Agreement with Saudi Arabia in the Third Belt and Road Forum for International Cooperation

Transport Corporation of India Ltd. (TCI Group) has been recognized as a Maritime Excellence Achiever at GMIS 2023 by The Ministry of Ports, Shipping & Waterways on 19th October 2023

Bitget Introduces 'Futures Quant' With AI Features

Bitget's Q3 Growth: Second-Highest Market Share Surge and Record High for BGB Holders

HarperCollins Publishers India is proud to announce the publication of SPREADING JOY: How Joyalukkas Became the World's Favourite Jeweller by Joy Alukkas with Thomas Scaria and Nidhi Jain

Go Global or Go Home: New Report Reveals Companies Lacking Global Presence Will Lose Growth Opportunities

MOVIN rolls out the second phase of Electric Vehicles in Bengaluru paving the way for greener deliveries in logistics

Motilal Oswal Financial Services Ltd. (MOFSL) launches #CorporateMushaira, an audio-first campaign for the World Investor Week

UBBF 2023 Intelligent IP Network Summit in Dubai an Impressive Success

Placing Them Right: IBS Path to MBA Career Success

HDFC ERGO reiterates its commitment on making health insurance Accessible, Affordable and Convenient with launch of 6 new products and 2 service upgrades

capSpire expands its global footprint with entry into the Singapore market

GTPL Hathway records its highest quarterly revenues from operation

CCTV+: International reporters experience the romance and vitality of Hangzhou, China

STL expands its Enterprise Networking solution portfolio with Estelan

Mantittude: Skincare for Men encourages men to unleash their inner 'Pataka' this Diwali

The 134th Canton Fair Opened with Optimized Structure and Upgraded Scale


Ugreen unveils power solutions and personal data storage at the Gitex Trade Show in United Arab Emirates.

Meridean Overseas Education Consultants Announces Half-Day Leave to Celebrate India vs. Pakistan Cricket Match

Xinhua Silk Road: Huai'an, UNESCO creative city of gastronomy, explores innovative dev. of food industry via premier regional food expo

Xinhua Silk Road: Fengxin County in E. China's Jiangxi celebrates bountiful harvest of kiwifruit

Casio to Release G-SHOCK Watches with Shining Metallic-Colored Dials

UEG Week 2023 : Babies with a low birthweight four times more likely to develop fatty liver disease in later life

CGTN: Diffusion of tea and its culture along the Silk Road

NEOM announces Leyja, its latest sustainable tourism destination

Expand North Star 2023 kicks off in Dubai gathering game-changing start-ups to accelerate on global stage

World Health Summit kicks off in Berlin

Hexaware Technologies announces new office in Dehradun to bolster its global delivery network

Chinese automotive industry has overtaken to supercars

Participants of the Made in Russia business mission to India held more than 150 negotiations with local importers and distributors

Rummy Passion Raises the Bar: Instant Withdrawals Now Available for All Tiers

Sea to be rougher than usual in Tamil Na...
Tamil Nadu vigiliance, anti-corruption w...
Caste is mere political tool for Samajwa...
'Congress and BRS together will form gov...
Congress poised to form government in Te...
J-K: ED raids 8 locations in Srinagar, t...
 Top Stories
34th International Konark Dance Fes... 
Israel confirms deaths of hostages ... 
Tamil Nadu vigiliance, anti-corrupt... 
Jharkhand CM welcomes rescued worke... 
Congress President Kharge directs i... 
South Korea launches its first indi... 
Russian President Putin signs new d... 
Tripura CM announces increase of be...