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The 2022 China International Fair for Trade in Services (CIFTIS) was concluded on Monday in Beijing. What are the achievements of this year’s CIFTIS? What role has it played, amid Covid-19’s impact on the world economy, especially the service sector?(2022-09-08)

The 2022 CIFTIS was concluded in Beijing on September 5. It showcased various highlights and yielded abundant outcomes. In a world where global economic recovery and international trade development are faced with numerous new situations and challenges, it bears special significance in several aspects.

First, the CIFTIS once again demonstrates that China is confident and resolute in expanding high-level opening-up and promoting development and prosperity of global trade in services. President Xi Jinping delivered video speeches to the 2020 and 2021 sessions, and sent his congratulatory message this year, which fully shows the Chinese government’s commitment to the development of trade in services around the world. In the congratulatory message, President Xi Jinping announced China’s major steps to deepen high-level opening-up in services and reaffirmed China’s belief in benefit for all, inclusiveness, cooperation and win-win outcomes. His proposals, which have received broad attention and positive feedback from the international community, inject new impetus into the common pursuit of an open, mutually beneficial service sector and world economy.

Second, the CIFTIS moves all parties to reach important consensus on overcoming difficulties and advancing global economic recovery. In his keynote speech at the opening ceremony, Vice Premier Han Zheng said, “China stands ready to work with all sides to uphold the vision of a community with a shared future for mankind, implement the Global Development Initiative, and pursue healthy and sustainable development of trade in services, so as to inject strength into world economic recovery.” Heads of state and heads of international organizations delivered video speeches, expressing their willingness to work with China in supporting the multilateral trading system and promoting world economic recovery and growth. Seven summit forums and over 100 professional and business forums were held during this year’s CIFTIS to cover cutting-edge areas and latest opinions, contributing wisdom and strength to global trade and economic development.

Third, the CIFTIS presents achievements of China’s innovation-driven development of services trade and facilitated a series of major cooperation outcomes. This year’s CIFTIS included an exhibition section to introduce China’s achievements in trade in services since the 18th CPC National Congress in 2012, and continued to adopt forms of exhibition such as “one fair, two venues”, “comprehensive and themed exhibitions” and “online and offline exhibitions”. Both the value and quality of contracts exceeded the previous session. According to preliminary statistics, 1,339 outcomes were produced during this CIFTIS. Several prestigious reports were released, including one on China’s trade in services development, introducing major trends and reflecting research outcomes.

In the next step, we will study President Xi Jinping’s congratulatory message and implement the decisions of the CPC Central Committee and the State Council. We will work for the implementation of the outcomes and consensus reached during this year’s CIFTIS, leverage CIFTIS as a crucial platform to for China to expand opening-up, deepen cooperation and pioneer innovation, and deepen innovation-driven development of China’s services trade, so as to make new contribution to services trade development globally. Thank you.