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Researcher: China int’l service fair promotes global service trade – Xinhua English.news.cn

People visit China’s Service Trade Achievement Exhibition during the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing, capital of China, Sept. 1, 2022. (Xinhua/Li Xin)

“China’s promise of a higher level of openness is a great opportunity for foreign institutions to expand their activities in China or among themselves,” said Abu Bakr al-Deeb, adviser to the Arab Center for Research and (ACRS) based in Cairo. ).

CAIRO, Sept. 2 (Xinhua) — The 2022 China International Trade Fair for Services (CIFTIS) provides a platform for the recovery of global services trade, an Egyptian political economy researcher has said.

“Previous editions of this exhibition have helped many countries, institutions and companies to strengthen the means of cooperation and promote international business services,” said Abu Bakr al-Deeb, adviser to the Arab Center for Research and Studies ( ACRS) based in Cairo. adding that they encouraged more participants to attend the event this year.

Under the theme “cooperate for better development, innovate for a greener future”, CIFTIS 2022 is being held from August 31 to September 5.

The service sector has contributed to the economic recovery of China and other countries in the wake of the COVID-19 pandemic, the researcher told Xinhua in a recent interview.

Hailing China’s open-door policy, al-Deeb said China’s openness is exemplified by the country’s persistence in holding CIFTIS amidst unstable economic conditions around the world.

A robot is displayed at China’s Service Trade Achievement Exhibition during the 2022 China International Trade in Services Fair (CIFTIS) in Beijing, capital of China, Sept. 1, 2022. (Xinhua/Ren Chao)

CIFTIS 2022 is “a force or influence that advances China’s opening up to the world, regardless of the lingering difficulties in the international economy, trade movement and supply chain,” the official said. ACRS researcher.

“China’s promise of a higher level of openness is a great opportunity for foreign institutions to expand their business in China or between each other,” he added.

The scholar also stressed that China does not want to give up all possible means to ensure the welfare of its people and to improve cooperation with different countries and financial institutions around the world.

People experience 4K live streaming at Alibaba’s booth during the 2022 China International Trade in Services Fair (CIFTIS) in Beijing, capital of China, Sept. 1, 2022. (Xinhua/Cai Yang)

He also said that the services sector has seen tremendous growth and strong performance, especially services related to technology and financial mediators and brokers.

He explained that all financial institutions are looking for new business and marketing opportunities, adding that CIFTIS 2022 will be a progressive channel for companies from many countries to increase investment and trade with China.