The 2022 China International Fair for Trade in Services or CIFTIS opened in Beijing on Aug 31. As the biggest comprehensive fair of global trade in services, this year's theme is "Cooperating for Better Development," and "Innovating for a Greener Future." 182 enterprises and institutions in Jiangsu participated in the exhibition online and offline, focusing on the field of digital trade, publicizing and displaying the new highlights of the development of service trade in Jiangsu in recent years.
More than 70 countries and international organizations, as well as more than 1,400 companies, brought together rich exhibition content and the latest cutting-edge technological achievements.
The environmental service exhibition focuses on displaying the latest achievements and technical applications in the field of global environmental services, and provides technical solutions for the goals and implementation paths of carbon neutrality and carbon peaking in various places.
This year's CIFTIS also launched the latest application scenarios such as digital renminbi, artificial intelligence, and Metaverse, demonstrating the powerful boost of technological innovation to service trade.
In the image display area of Jiangsu, a total of 9 companies showed up for the exhibition. These companies ranged from biomedicine, platform carriers, intellectual property services, digital services, and cultural trade.
From intelligent driving cars to industrial Internet platforms, from digital RMB bracelets to ceramic intangible cultural heritage experiences, the new products in the service trade format in the Jiangsu exhibition area were thrust to the spotlight.
The 2022 China International Fair for Trade in Services in Beijing from Wednesday to Monday marks the 10th year that China is hosting the fair.
Over the past 10 years, the fair has not only built an exchange platform for international cooperation in service fields and injected new momentum into the development of global service trade, but also provided important support to the high-quality development of China's service industries.
China has reported a 1.49-fold increase in added value of its service industry over the past 10 years, with accumulated imported services exceeding $4 trillion, demonstrating that the service trade has become an important growth point of China's foreign economic and trade cooperation.
Over the past decade, China has worked with the rest of the world to foster an open and inclusive environment for cooperation, share the opportunities of trade in services and promote global economic recovery and growth. The number of countries and regions having service trade links with China has increased to more than 200. China's services imports and exports exceeded $800 billion for the first time in 2021, from $470.58 billion in 2012.
As the only national and comprehensive service trade platform in the world, CIFTIS has become one of the three major exhibition platforms of China's opening-up to the world. The hosting of the fair and the continuous improvement of its level of specialization, marketization and internationalization not only demonstrate China's wisdom and responsibility, but also play an important role in promoting the high-quality development of China's service trade, and high-quality transformation and upgrading of its industrial structure.
