China shares achievements with world for global economic recovery

BEIJING -- With the 2021 China International Fair for Trade in Services (CIFTIS) drawing to a close Tuesday in Beijing, the country has expressed its willingness to share technological achievements with the rest of the world to contribute to the global economic recovery.

Under strict epidemic control and prevention measures, this year's CIFTIS has attracted more than 12,000 enterprises. Representatives from 153 countries and regions signed up for the event, according to the Ministry of Commerce (MOC).

The 2021 CIFTIS hosted exhibitions, forums and business talks covering 12 major service trade sectors, said Yan Ligang, director of the Beijing municipal commerce bureau.

Preliminary statistics showed that this year's CIFTIS saw a total of 1,672 various projects and contracts concluded, said a press conference held Tuesday afternoon at the fair.

This year's fair highlighted new formats and models such as digital trade, 5G communication, and the industrial Internet of Things. It also comprehensively exchanged new ideas, displayed new services, and released current achievements. At the same time, it took place both online and offline via digital technology, which demonstrates the great potential of China's digital and intelligent economic development, said Wang Zhihua, an official with the MOC.

MOC data showed that China's services trade rose by 7.3 percent year-on-year to nearly 2.81 trillion yuan (about $435 billion) in the first seven months of the year.