China International Fair for Trade in Services to open on Sept. 4

The 2020 China International Fair for Trade in Services (CIFTIS) will officially open on September 4 in Beijing. Over 18,000 international and domestic companies from 148 countries and regions have signed up for the service trade fair, and over 100,000 have registered to attend the six-day event.

The CIFTIS is the first major economic and trade event being held in China since the coronavirus outbreak in January. The service trade fair will have both online and offline platforms to provide a safer environment for participants, considering the fickle nature of the coronavirus.

The organizers have built a digital platform for the CIFTIS, where exhibitors can showcase their products, build a 3D immersive online showroom, host virtual meetings and seal the deals with their customers online.

The trade fair demonstrates to the world China's unwavering efforts in continuing economic opening-up and promoting global economic cooperation, said Wang Bingnan, deputy minister of China's Ministry of Commerce.

The service industry is now a main driving force behind the global economic growth and is taking up a larger share in global economic and trade cooperation. China is willing to deepen its cooperation with countries around the world in the service trade sector, and promote economic globalization toward a more open, inclusive, balanced, and win-win direction, said Wang.

(CGTN)