China_Celebrates_Decade_of_CIFTIS_with_Plans_for_Global_Service_Trade_Growth

China Celebrates Decade of CIFTIS with Plans for Global Service Trade Growth

Chinese President Xi Jinping has extended his congratulations to the 2024 China International Fair for Trade in Services (CIFTIS) as it marks its 10th anniversary.

In a recent letter, Xi lauded CIFTIS for being a vivid testament to the high-quality development of China's service industry and service trade, highlighting its role in fostering an open world economy.

Looking forward, China is committed to promoting high-quality development through high-level opening up. This includes improving institutions and mechanisms, innovating trade in services, and aligning with high-standard international economic and trade rules. Xi emphasized the importance of enhancing interoperability and compatibility of regulations, managing the service sector's growth, and expanding the service market to foster a market-oriented, law-based, and international business environment.

He also expressed China's readiness to collaborate with all nations to share opportunities, discuss cooperation, and promote development in line with economic globalization trends. This collaborative effort aims to contribute to global economic growth and improve the well-being of people worldwide.

The 2024 CIFTIS, themed \"Global Services, Shared Prosperity,\" officially opened in Beijing on Thursday, showcasing the latest advancements in the service industry and trade.

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