Business Daily Media

The Times


.

Services trade fair shows China's continued commitment to opening up, expert says

BEIJING, CHINA - Media OutReach Newswire - 11 September 2025 - The 2025 China International Fair for Trade in Services underscores China's commitment to high-level opening-up, according to one expert.

The 2025 CIFTIS opened in Beijing , themed “Embrace Intelligent Technologies, Empower Trade in Services”
The 2025 CIFTIS opened in Beijing , themed “Embrace Intelligent Technologies, Empower Trade in Services”

"It is these areas that today determine the transition from traditional services to high-tech and knowledge-intensive solutions," Tolonbek Abdyrov, a professor of economics and vice rector of the International Higher School of Medicine in Kyrgyzstan, told Xinhua, noting China's push in cloud computing, big data, artificial intelligence, fintech, digital healthcare and online education.



This year's fair, scheduled from Wednesday to Sunday in Beijing, will highlight how digital and intelligent technologies are reshaping the sector.

"For the international community, for many countries of the world, this means there is an opportunity not only to access modern technologies, but also to participate in new standards of the global market," he said.

Abdyrov said China continues to improve systems and mechanisms for opening its economy to the world. For developing countries, the professor added, cooperation with China in services offers clear advantages.

A visitor walks past an installation at the venue of upcoming China International Fair for Trade in Services (CIFTIS) at Shougang Park in Beijing, capital of China, Sept. 9, 2025. (Xinhua/Chen Zhonghao)

The 2025 CIFTIS opened in Beijing , themed “Embrace Intelligent Technologies, Empower Trade in Services”
The 2025 CIFTIS opened in Beijing , themed “Embrace Intelligent Technologies, Empower Trade in Services”

"Firstly, this opens access to the world's largest market, where demand for innovative solutions continues to grow. Secondly, China creates conditions for cross-border cooperation, which reduces barriers to entry and exit," he said. That also includes opportunities to advance green and sustainable services, laying the groundwork for long-term partnerships aligned with global development goals.

According to China's Ministry of Commerce, service imports and exports in the first half of 2025 topped 3.8 trillion yuan (533 billion U.S. dollars), up 8 percent year on year. The growth, Abdyrov said, highlights how services are emerging as a strategic sector even as global goods trade slows.

The professor pointed to China's institutional reforms, such as streamlined rules for foreign-funded companies, pilot free trade zones and new digital standards, as examples of how Beijing is promoting openness and innovation.

"These steps not only strengthen China's competitiveness, but also create a platform for equal participation by partners, including emerging economies," Abdyrov said.

He added that the fair will serve not only as a showcase of China's achievements but also as an invitation for other countries to help shape a new generation of global trade rules grounded in innovation, digitalization and sustainable growth.

Hashtag: #CIFTIS

The issuer is solely responsible for the content of this announcement.

News from Asia

Singapore’s Largest Pet Event Returns Bigger Than Ever with Singapore Pet Festival 2026

Featuring Cesar Millan’s Singapore Debut, Over 300 Exhibitors, 800+ Brands, International Competitions, and Four Halls of Pet ExperiencesSINGAPORE - Media OutReach Newswire - 24 July 2026 - Pet lo...

Escape the Heat: Journey from Vietnam to Guizhou's 23°C Summer Paradise

GUIZHOU, CHINA - Media OutReach Newswire - 24 July 2026 - As July brings scorching heat to Vietnam, Guizhou enjoys a refreshing breeze. Recently, a group of Vietnamese travel merchants and tourism...

From Mexico to Hong Kong, Jose Manuel Cervantes Sanchez is Building Bridges Through Media at CUHK

HONG KONG SAR - Media OutReach Newswire - 24 July 2026 - As the media industry becomes increasingly global and interconnected, students are seeking education that spans cultures and markets. For J...

Shorter Trips, More Meaningful Experiences: OZO Taps into the Rise of Micro-trips Across Asia-Pacific

From spontaneous seaside escapes to culture-filled city breaks, OZO makes it easier for travellers to recharge, explore and enjoy more of what they love—even when time is limitedBANGKOK, THAILAND -...

Novum Studio Secures New Funding to Launch Ahoy Project, an AI-Native Enterprise Transformation Platform, Building on Its 20-Million-User Gen Z App Frog

Novum Studio has raised a new round of funding to launch Ahoy Project, its enterprise AI solution, with internal testing scheduled for July 2026.

Banyan Group Residences Unveils Exclusive Banyan Tree Beach Residences Varuna at Laguna Phuket

A limited collection of eight beachfront townhomes offers a rare opportunity to own directly on Bang Tao Beach.PHUKET, THAILAND - Media OutReach Newswire - 24 July 2026 - Banyan Group Residences ...

Yung’s Bistro Unveils Its New Presence at K11 MUSEA

HONG KONG SAR - Media OutReach Newswire - 24 July 2026 - Yung's Bistro, the contemporary dining concept under Yung Kee Restaurant, today announced the official opening of its relocated venue at Sh...

Netvigator wins Six Ookla® Speedtest® awards again

Retains Fastest, Best Fixed Broadband and Top-Rated Network Earns Hong Kong's Most Consistent Fixed Network recognition for the first time HONG KONG SAR - Media OutReach Newswire - 24 July ...

Vinhomes Advances Two ESG++ Mega-Projects, Shaping Sustainable Urban Development From North To South Vietnam

With a combined footprint of over 9,000 hectares, the twin developments, Vinhomes Green Paradise in the south and Vinhomes Global Gate Ha Long in the north, position Vietnam's real estate sector at...

Breaking the Bed Bug Control Industry Bottleneck: Nobedbugs-HK Redefines Global Bed Bug Eradication Standards with Proprietary Technology

HONG KONG SAR - Media OutReach Newswire - 24 July 2026 - Against the backdrop of surging global mobility and expanding business travel sectors, densely populated urban residential blocks and comme...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...