Beijing, September 2 (Xinhua) - The China International Fair 2021 for Service Trade (CITTS) began on Thursday in Beijing, highlighting China's new promises to open The services of the country. The broader sector and improves Global cooperation for greater economic recovery.

Themed "Towards the digital future and the development driven by the service", the fair, busy online and offline, will play the potential of digital technologies of Vanguard and functions as a platform to promote Global recovery and economic growth.

Companies of your home and abroad have come to the fair, hoping to look for opportunities in the second largest economy in the world.

The CIFTIS 2021 has attracted the record of more than 12,000 companies, 52 percent more than 2020. Representatives from 153 countries and the regions were recorded for the event , according to the Ministry of Commerc. E (MOC).

Up to 21 percent of offline exhibitors are the companies of Fortune 500 or industry leading companies, according to MOC.

Together with the Global Trade Services Summit of the 2021 CIFTIS, five summit forums, as well as 119 thematic forums and conferences will also be carried out on the margin.

CIFTIS's tenure This year has shown that China is open and safe to cover the world, and is committed to working with the Global community to "make your market Be larger "so that everyone can enjoy and share the benefits, said Michael Bi, Ey Greater China Partner Management Markets.

MOC data showed that China's services trade increased 7.3 percent year after year to almost 2,81 billion yuan (approximately 435.02 billion US dollars) in the" target="_BLANK">first seven months of the year.

Opening commitment

Chinese President Xi Jinping On Thursday announced a lot of new measures in The Summit of Global Trade Services.

China will open at a higher level, by implementing a negative list for trade in cross-border services throughout the country and exploring the development of national demonstration zones For the innovative development of the services trade, XI said.

The country will also expand support for the growth of the belt service sector and the partner countries of the road and will share China's technological achievements with the rest of the world, according to XI. EN 2020 CIFTIS, XI made three proposals for the international community, including the promotion of an open and inclusive environment for cooperation, working together to invigorate the impulse for the Cooperation driven by innovation and making joint efforts to break new ground in win-win cooperation.

During the past year, China has walked the conversation to convert the proposals into concrete actions.

China issued the first negative list of the country for cross-border service trade in Hainan province of South Island, built Beijing in a" target="_BLANK">national comprehensive demonstration area, And he added four pilot areas to deepen the opening in the service of services in Tianjin, Shanghai, Chongqing and Hainan.

According to a report published by the Organization for Economic Cooperation and Development, China is one of the economies that saw the greatest decrease in the restriction of trade in services in 2020.

Xi announced on Thursday that China will establish a stock exchange in Beijing and build it on an important basis for small and medium-sized innovative companies.

"We are excited about China's commitment and concrete actions for other STR

Beijing  Chongqing  Tianjin  Global  Hangzhou 

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