China's trade in services topped $1 trillion: What's next?

At a press conference held by the State Council Information Office on Friday, officials from China’s Ministry of Commerce and the Beijing municipal government introduced the development of China’s trade in services and preparations for the 2026 China International Fair for Trade in Services (CIFTIS).

This year’s CIFTIS will bring together around 90 countries, regions and international organizations, with more than 1,800 companies exhibiting at Shougang Park in Beijing. The event will also continue to host the Global Trade in Services Summit, release the Report on the Development of China’s Service Trade and other authoritative reports, and hold nearly 100 conferences and forums to promote the liberalization and facilitation of trade in services.

For the first time, CIFTIS will set up a promotion and roadshow zone for overseas-expansion services, bringing together providers in finance, law, accounting, intellectual property, advertising and human resources. More than 90 companies and institutions will unveil new achievements, with innovative technologies, products and services making their global debuts or China premieres.

During the 14th Five-Year Plan period, China’s trade in services topped $1 trillion. Looking ahead to the 15th Five-Year Plan period, China will foster new drivers of trade, expand into new markets and further improve the business environment, bringing more “Chinese services” to the world and creating more opportunities for openness and cooperation worldwide. (Huang Fang)