Multinationals tap opportunities at services trade fair

According to the data released by the Ministry of Commerce in August, in the first half of 2022, China's import and export of services notched up 2.89 trillion yuan ($419 billion), an increase of 21.6 percent year-on-year.

Among them, the export of telecommunications, computer, and information services increased by 16.3 percent, becoming an area where the export of knowledge-intensive services grew rapidly.

"We are very optimistic about the prospect of our cooperation with China," said Cao Qian, the government affairs manager with Studio Legale D'Andrea.

Last year, the company set up an office in Beijing, and this year it added offices in Shenzhen and Hong Kong. "We hope to find more cooperation opportunities through the fair, and we can also help the development of China's high-end legal service industry in turn," Cao added.

In the first half of 2022, China's service industry used 537.13 billion yuan of foreign capital, up 9.2 percent year-on-year.

"The 'digital CIFTIS' has shown us China's action of sharing market opportunities and its economic and trade achievements with the world," said Fukaishi Akihiro, president of Epson (China) Co, Ltd, during the fair.

This year's CIFTIS has attracted more than 400 Global Fortune 500 companies and industry-leading enterprises to attend the fair offline.