Free Trade Zones

China International Services Fair ended on Tuesday with successful results

BEIJING, September 8, 2021 / PRNewswire / – The six-day China International Trade in Services Exhibition (CIFTIS) 2021 wrapped up in Beijing, with successful achievements made during this year’s event.

People visit the 2021 China International Trade in Services Fair (CIFTIS) at Shougang Park in Beijing, capital of China, Sept.6, 2021 (Xinhua / Xu Qin)

Preliminary data showed that a total of 1,672 documents in various fields were inked during the six-day fair, including 642 project contracts, 223 investment agreements, 200 agreements, 158 authoritative releases and 139 products. launch innovation, among others, a press conference said. held at the fair on Tuesday.

It is learned that this year’s fair attracted more than 10,000 companies from 153 countries and regions, five more countries compared to last year, with more than Fortune 500 companies involved.

The fair showcased the new formats and models of digital commerce, 5G communication and the Industrial Internet of Things, and at the same time widely exchanged new ideas, revealed new services and published fruitful results, Wang Zhihua, an official at the Ministry of Commerce (MOC), said, adding that the fair was held both online and offline through digital technology, fully demonstrating the great potential of from China digital, internet technology and smart development.

In addition to the comprehensive exhibits at the China National Convention Center, a series of thematic exhibits supporting this year’s CIFTIS forums and side events were first held in Shougang Park, a cultural and sports complex turned into a steelworks in the ‘Where is Beijing, noted Yan Ligang, director of the Beijing Municipal Bureau of Commerce.

According to Wang, China accelerate the pace of formulating the negative list for cross-border trade in services and accelerate first practices nationwide, explore the construction of national demonstration areas to promote innovative development of trade in services and increase support for Beijing and other cities to pilot the alignment of national rules with those of high-level international free trade agreements (FTAs).

Under the theme “Towards a digital future and service-oriented development”, CIFTIS 2021 presented for the first time a section on digital services, with up to 33 renowned companies and institutions participating in the special section.

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SOURCE Xinhua Silk Road