Services trade event drives innovation

CIFTIS ends, sees large number of deals, agreements, product launches

The 2022 China International Fair for Trade in Services－CIFTIS－has further highlighted its role as a key platform for innovative growth by advancing common development through high-level opening-up and facilitating global economic recovery, said government officials on Monday.

The grand event, which concluded on Monday in Beijing, saw 1,339 deals clinched, including 513 commercial transactions, 175 investment agreements and 173 releases of new product and service solutions, according to the fair's organizing committee.

Wang Zhihua, deputy director-general of the department of trade in services and commercial services at the Ministry of Commerce, said the government will push the implementation of upgrading strategies in pilot free trade zones, support the growth of trade in services and provide foreign companies with greater transparency and certainty in the services field.