The 2025 China International Fair for Trade in Services (CIFTIS) on the Chinese mainland ended today, marking its bold transformation from a traditional expo into a global "rules lab" for service trade.
Innovation Takes Center Stage
Under the theme "Embrace Intelligent Technologies, Empower Trade in Services," more than 70 countries and international organizations joined nearly 2,000 exhibitors, including over 500 Fortune Global 500 firms. The fair spotlighted digital intelligence with over 190 cutting-edge showcases—from 3D-printed vascular stents to a thousand-bit photonic quantum computer—through immersive AI-driven demonstrations and 5G-powered smart living scenarios.
AI and the Future of Digital Trade
The newly released Digital Trade Development and Cooperation Report 2025 predicts AI will revolutionize trade modalities, products, and market participation, paving the way for updated rules and standards. Experts say this shift signals a new era where digital trade governance moves from bilateral talks to multilateral frameworks.
From Exhibits to Rule-Making
CIFTIS 2025 unveiled key policy documents aimed at harmonizing global service trade standards, such as the "Guide on Trade in Services Data and Policies for Developing Countries," and launched "Chinese Cases in Standardization of Trade in Services" alongside action plans to align enterprises with international compliance. The creation of an International Organization for Standardization Liaison Center aims to boost the integration of the Chinese mainland into global rule-setting.
Key Figures and Market Trends
Between January and July 2025, the Chinese mainland's service trade hit 4.58 trillion yuan ($640 billion), up 8.2 percent year on year, with exports soaring 15.3 percent. Knowledge-intensive services reached 1.77 trillion yuan ($249 billion), a 6.8 percent rise, while telecommunications, computer and information services grew 12.6 percent. Analysts point to improved digital infrastructure and cutting-edge tech as driving forces behind this growth.
As CIFTIS sets its sights on 2026, its evolution into a rules laboratory underscores the growing role of the Chinese mainland in shaping the next wave of global service trade governance.
Reference(s):
cgtn.com
