The 2023 China International Fair for Trade in Services (CIFTIS) is closing its doors this week, but its impact continues to ripple across the globe. As one of the world's largest platforms for service trade collaboration, this year's event showcased cutting-edge innovations in AI, green tech, and digital finance—proving China's growing role as a hub for cross-border partnerships.
CGTN reporters on the ground highlighted breakthroughs like virtual reality healthcare solutions and carbon-neutral logistics systems. 'The fair isn't just about deals—it's about solving global challenges through service innovation,' one exhibitor told our team.
With service trade accounting for over 53% of China's GDP last year, CIFTIS offers a snapshot of tomorrow's economy. Analysts note rising demand for fintech integration and sustainable tourism models, with young entrepreneurs driving much of the momentum.
For global markets, the fair signals China's commitment to high-quality development and open collaboration—key themes as nations rebuild post-pandemic supply chains. As digital services reshape industries worldwide, events like CIFTIS are becoming the ultimate networking hack for Gen-Z professionals and startups alike.
Reference(s):
cgtn.com