The 2024 China International Fair for Trade in Services (CIFTIS) opened in Beijing on Thursday, showcasing China’s commitment to greater openness and strengthened cooperation in the global services trade industry. The five-day event, themed “Global Services for Mutual Benefits,” brings together innovators and industry leaders from around the world.
A highlight of this year’s CIFTIS is the focus on developing new quality productivity forces. This initiative reflects China’s pursuit of high-end technology, efficient productivity, and high-quality products and services. Exhibitors are demonstrating how big data, zero-carbon technologies, and digital services are driving the expansion of the services trade.
Visitors to the expo can immerse themselves in futuristic scenarios through 3D displays and explore advancements in autonomous vehicles. The interactive experiences offer a glimpse into how emerging technologies are shaping the future of global trade.
CIFTIS Expands Global Reach Since 2012 Debut
Since its inaugural event in 2012, CIFTIS has grown exponentially, attracting over 900,000 exhibitors and visitors from 197 countries. This year, 85 countries and international organizations are participating, with industry giants like Siemens, Google, Amazon, and GE Healthcare showcasing their latest offerings.
Schneider Electric, participating for the fifth time, expressed optimism about the Chinese market. “The Chinese market is full of vitality,” said Xu Shaofeng, senior vice president of the French company. He added that Schneider Electric plans to establish a China Center for Services to tailor products and services to the market’s specific needs.
CIFTIS 2024 serves as a pivotal platform for global enterprises to explore new opportunities within China’s growing services market. The event underscores China’s dedication to fostering an inclusive and innovative environment for international trade cooperation.
Reference(s):
CIFTIS 2024: How China's services market offers global opportunities
cgtn.com
