At the 2024 China International Fair for Trade in Services (CIFTIS) held on Saturday, World Trade Organization (WTO) Deputy Director-General Johanna Hill praised China’s significant advancements in digital services exports. She noted that China’s digital services exports nearly tripled between 2015 and 2023, outpacing growth in other regions.
Hill commended China’s further opening of sectors such as banking and telecommunications, highlighting these efforts as instrumental in driving economic growth. She acknowledged China’s active role in global initiatives promoting trade in services and e-commerce, emphasizing the importance of such engagement in shaping the future of international trade.
The deputy director-general’s remarks underscore China’s expanding influence in the global services market. China’s commitment to opening up its services sector is expected to create new opportunities for entrepreneurs, investors, and enterprises worldwide. By fostering a more open and collaborative environment, China is contributing to the advancement of global trade dynamics.
CIFTIS 2024 brought together business professionals, investors, academics, and policymakers from around the world to explore trends and opportunities in the services trade sector. The event served as a platform for sharing insights and building partnerships that can drive economic growth and innovation.
China’s impressive growth in digital services exports reflects its focus on digital transformation and integration into the global economy. As China continues to open its markets and engage in international initiatives, it is poised to play a pivotal role in the future of global trade in services.
Reference(s):
WTO: China's further opening up of services market commendable
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