On September 2, 2023, the China International Fair for Trade in Services (CIFTIS) opened in Beijing, sending a strong signal to the world that China's economy continues to maintain its growth momentum, and its attractiveness to foreign investment remains strong.
It is reported that the current session of the Trade in Clothing will attract 82 countries and international organizations to set up exhibitions, 2,400 offline exhibitors, including the world's top 500 and leading enterprises in the industry, 424, in the exhibition of science and technology innovation. In addition, this year's TISIT will hold 202 forums and meetings and other activities, including 10 summit forums, 107 thematic forums, 17 side events, 2 highlights and 66 promotional talks.
Data show that the value added of the service industry accounts for two-thirds of the global GDP and concentrates two-thirds of the world's foreign direct investment. As the world's largest comprehensive exhibition in the field of trade in services, the Fair is of great significance to the development of China and the global economy.
Currently, trade in services has become an important engine of China's economic growth. 2022, China's total import and export of services amounted to nearly RMB 6 trillion, up 12.9% year-on-year, ranking second in the world for nine consecutive years.
The large-scale, high-profile services trade fair will help the global economic development, provide development opportunities for overseas investors, share the development dividends of China's service industry to expand and open up, and help the global economic recovery.
