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Promoting global economic recovery and development through the openness and sharing of trade in services

Date:2025-11-19Views:0

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"Uniting the World, Serving the Globe, Sharing Mutual Benefits." In the current complex domestic and international situation, China has used the CIFTIS as a platform to proclaim its consistent advocacy of inclusiveness and win-win cooperation to the world. The preference of overseas exhibitors for the CIFTIS demonstrates the desire of all parties to open up, cooperate, and achieve win-win results. By adhering to opening up to promote reform, development, and innovation, making good use of various trade platforms to expand the scale of service trade, and sharing the achievements of service trade with the world, we will surely promote the innovative development of service trade, enhance the momentum of foreign trade development, elevate the open economy to a new level, and jointly promote world economic recovery and growth.


Service trade is an important component of international trade and a crucial area of international economic and trade cooperation. Amidst the profound changes unseen in a century, it demonstrates the firm determination to expand openness; in the new round of technological revolution and industrial transformation, it fosters a broad consensus for deepening cooperation; and in the process of promoting global economic recovery, it releases sustained momentum to lead innovation... The 2023 China International Fair for Trade in Services attracts the attention of the world, jointly drawing a blueprint for development.


Since its inception in 2012, the China International Fair for Trade in Services (CIFTIS) and its predecessor, the China International Fair for Trade in Services (CIFTIS), have attracted over 600,000 exhibitors and participants from 196 countries and regions, as well as more than 600 overseas business associations and institutions. After its quality improvement and upgrading in 2020, CIFTIS has continuously expanded its influence and attention, significantly enhanced its professionalism and internationalization, and become an important platform for China to expand its opening-up, deepen cooperation, and lead innovation. This year's CIFTIS will welcome exhibitions and participation from 59 countries and 24 international organizations, a total of 12 more than the previous edition, with an overall internationalization rate of over 20%. The scale of participating enterprises has expanded, with over 2,400 enterprises participating offline, including more than 500 Fortune Global 500 companies and industry-leading enterprises. It can be said that open cooperation in the service industry is increasingly becoming an important force driving development, and the global appeal of CIFTIS is also growing day by day.


The rapidly growing Chinese market for trade in services continues to inject new impetus into global economic development. Openness is a distinctive hallmark of contemporary China, and China's door to openness will not close; it will only open wider. The more economic globalization encounters countercurrents and protectionism rises, the more we must adhere to opening our doors to engage in construction, and the more we must leverage reform and opening up to boost economic development. Since its inception in 2012, the China International Fair for Trade in Services (CIFTIS) has played the three major roles of expanding openness, deepening cooperation, and leading innovation. New technologies, new services, and new achievements continue to emerge, providing a platform for Chinese enterprises to fully utilize both international and domestic markets and resources, as well as offering comprehensive opportunities for enterprises from various countries to actively integrate into the vast Chinese service market.


Benefiting from the expanded opening-up, China's service trade has demonstrated strong resilience in the face of complex and severe domestic and international environments. In 2022, the total import and export of services reached nearly 6 trillion yuan, marking a year-on-year increase of 12.9% and hitting a record high. China has ranked second globally for nine consecutive years. In the first half of this year, the growth trend continued, with the total import and export of services reaching 3.1 trillion yuan, marking a year-on-year increase of 8.5%. While meeting the needs of the Chinese people for a better life, it has also created approximately 18 million jobs for global service trade partners.


Embracing the world, serving globally, and sharing mutually. According to WTO data, the service industry accounts for 65% of the global economic aggregate, becoming a pillar industry of the global economy. To solve the current global development challenges, it is urgent to better leverage the engine role of the service economy. "The world economy thrives when it is open and declines when it is closed." In the face of numerous challenges in the global economic environment, only by working together and overcoming difficulties can we share new opportunities and create a better future.


Under the current complex domestic and international situation, China has used the CIFTIS as a platform to declare its consistent advocacy of inclusiveness and win-win cooperation to the world. The popularity of the CIFTIS among overseas exhibitors highlights the desire for open cooperation and win-win results among all participants. By adhering to opening-up to promote reform, development, and innovation, making good use of various trade platforms to expand the scale of service trade, and sharing the achievements of service trade with the world, we will surely promote the innovative development of service trade, enhance the momentum of foreign trade development, elevate the open economy to a new level, and jointly promote world economic recovery and growth.

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