In the golden autumn and September, welcome guests from all over the world. The 2023 China International Fair for Trade in Services will be held in Beijing from September 2 to 6. As an important platform for China to expand opening up, deepen cooperation, and lead innovation, the CIFTIS will once again witness Chinese and foreign people discussing new concepts, new trends, and new paths for the opening and development of the service industry and service trade.
International observers believe that against the backdrop of slow global economic recovery and increasing challenges, the holding of the CIFTIS has further released China's confidence and determination to promote in-depth reform through high-level opening-up. The industry continues to grow, broadening the space for the development of the global service economy.
Expand the open window
The theme of the 2023 CIFTIS is "Openness Leads Development, Cooperation and Win-Win Future". Some overseas people who will participate in the expo said that the scale of participation and the rate of internationalization of this CIFTIS have improved, and they look forward to cooperating and communicating with people in the global service trade industry at the expo.
It is understood that at this year's Service Trade Fair, more than 2,400 companies participated in the offline exhibition, including more than 500 of the world's top 500 companies and industry leaders. 59 countries and 24 international organizations set up exhibitions and meetings, and the overall internationalization rate exceeds 20%.
As the guest country of this year's CIFTIS, the UK has formed the largest exhibition group since its participation. Du Tao, the British trade envoy to China, introduced that an openable "Tower Bridge" was set up in the British Pavilion, implying to build a bridge of mutual understanding between the UK and China.
"We hope to use the platform of the CIFTIS to promote Sarawak and attract more Chinese tourists." said Abdul Kalin, Minister of Tourism, Creative Industries and Performing Arts of Sarawak State, Malaysia.
Ayumi Kusaba, deputy director of the Beijing Representative Office of the Japan External Trade Organization, said that in addition to introducing Japanese products and services in the fields of health care, cultural and creative industries to the participants at the venue, the organization will also show the public online , The online and offline two-pronged approach serves as a bridge between Japanese companies and the Chinese market.
A platform for deepening cooperation
The CIFTIS is an international public product and an effective carrier provided by China to strengthen cooperation in trade in services. Overseas observers pointed out that with the help of platforms such as the Service Trade Fair, China's international cooperation in trade in services has continued to deepen.
According to data from the Ministry of Commerce of China, there are more than 200 countries and regions that have trade in services with China, and China has signed memorandums of cooperation in trade in services with 15 countries, and the "circle of friends" in trade in services is expanding day by day. In 2022, China's total service import and export volume will reach nearly 6 trillion yuan, a year-on-year increase of 12.9%, and the scale will hit a record high, ranking second in the world for the ninth consecutive year. In the first half of this year, China's total import and export of services reached 3.1 trillion yuan, a year-on-year increase of 8.5%.
Zhao Tang, President of China and Chief Representative of the China-Britain Business Council, is optimistic about the development opportunities of the British financial services, education and other industries in the Chinese market. He said: "The Service Trade Fair is a grand event to promote trade in services and an important platform for China to build consensus on global cooperation and promote international exchanges."
In 2022, the Saudi Ajran Brothers Holding Group will participate in the Service Trade Fair for the first time. This year, the group expanded the booth area of the Service Trade Fair. Mohammad Al Ajlan, vice chairman of the group, said that he looks forward to having face-to-face exchanges with more Chinese companies at the exhibition site, especially in areas of focus of this CIFTIS such as financial technology, cultural tourism, and artificial intelligence. Chinese partners in the Middle East market jointly tap growth potential.
"This service trade fair will provide huge investment opportunities and broad prospects for cooperation." Abdul Sattar Eshra, Secretary-General of the Egypt-China Business Council, said that this year is the joint construction of the "Belt and Road The 10th anniversary of the "One Road" initiative, which combines services such as logistics and transportation with technological progress to make services green, clean and sustainable, related projects will also attract much attention at the exhibition.
Leading the field of innovation
In recent years, the foundation of China's service industry has been continuously consolidated, and the digital and green "two-wheel drive" service trade has innovated and developed. International observers believe that new trends in the development of service trade such as digitalization, intelligence, green and low carbon are constantly expanding the space for the development of the service economy.
The digitization process of China's service trade is accelerating. According to data from the Ministry of Commerce, in 2022, China's import and export of services that can be digitally delivered will reach 2.51 trillion yuan, an increase of 7.8%, ranking fifth in the world, and the scale has hit a record high. In the first half of this year, China's import and export of services that can be digitally delivered increased by 12.3%, 3.8 percentage points higher than the overall growth rate of service imports and exports.
As the new picture of the global service economy becomes clearer, this year's Service Trade Fair will further highlight the leading role of technological innovation, model innovation, and business innovation. The comprehensive exhibition and nine special exhibitions will focus on displaying chip technology, quantum measurement and control, and satellite remote sensing , artificial intelligence, digital medical and other specialized new achievements.
Selcuk Cholakoglu, director of the Asia-Pacific Research Center of Turkey, said that the Service Trade Fair will shape the future of industries such as carbon neutrality, artificial intelligence and metaverse.
The service industry has become a pillar industry of the global economy, and service trade has broad prospects and great potential for development. All parties look forward to using this year's Service Trade Fair to jointly activate the innovation momentum of service trade.
"The CIFTIS will provide an excellent platform for overseas companies to communicate with customers, enhance understanding, expand markets, and integrate resources," said Cai Weicai, Senior Vice President of Thailand's Kasikorn Bank. play an important role in the recovery of global trade.”