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Activating New Momentum and Sharing New Opportunities - Observation of CIFTIS 2024

Activating New Momentum and Sharing New Opportunities - Observation of CIFTIS 2024

CFIC Introduction

In the past five days, at the 2024 China International Trade in Services Transaction, more than 100 forums and conferences have been brilliant, and more than 200 integrated and innovative achievements have been unveiled. CIFTIS has built a bridge for all parties to work together to address difficulties and challenges, share development opportunities, and inject new vitality into the development of the world economy.

Xinhua News Agency, Beijing, September 16 (Xinhua) -- On the 16th, the 2024 China International Fair for Trade in Services came to an end. In the past five days, from the National Convention Center to Shougang Park, comprehensive exhibitions and special exhibitions complement each other, more than 100 forums and conferences have been splendid, and more than 200 integrated and innovative achievements have been unveiled. At present, the changes in a century are accelerating, and the momentum of world economic growth is insufficient. CIFTIS has built a bridge for all parties to work together to address difficulties and challenges, share development opportunities, and inject new vitality into the development of the world economy. Towards the "new": highlighting the new quality of productivity into the exhibition hall of the National Convention Center, 4K ultra-high-definition AI digital human, surgical robots, humanoid robots and other forms of intelligent products are dazzling. Ordering, placing orders, printing meal tickets, and automatically generating store operation data analysis reports...... This year, Meituan brought its latest smart cash register device. "This device, which is on display for the first time, uses the latest big data analysis technology to help merchants update dishes and optimize services in a timely manner." Wang Wei, general manager of Meituan's local government affairs department, said. In the interval of talking with reporters, from time to time, catering companies negotiate cooperation intentions with them. Since its inception in 2012, CIFTIS has become a stage for more and more enterprises to showcase new products and technologies for the first time.

Activating New Momentum and Sharing New Opportunities - Observation of CIFTIS 2024

The picture shows the scene of the 2024 CIFTIS exhibition area. Xinhua News Agency reporter Wei Yukun photographed the first artificial intelligence orthopedic surgical robot and the first public employment AI digital intelligent person to help "choose a job...... This year's first product highlights the use of digital technology to serve daily life, and empowers the integrated development of industries with productive service trade. Financial services are an important area of trade in services. At the CIFTIS, PingPong, a global payment company, debuted its latest global payment solutions to help cross-border e-commerce companies complete capital management from sales orders, customs declarations and exports. Luo Yonglong, a partner of the company, said that digital integration is the feature of this year's financial exhibits, and it is also the future development trend of the industry. Digital and intelligent technologies continue to empower the development of trade in services. In 2023, the scale of global digital trade in services will reach US$4.25 trillion, a year-on-year increase of 9%, becoming a prominent highlight in the development of trade in services. At this year's CIFTIS, 111 enterprises and institutions, including the world's top 500 companies, industry leading enterprises, and domestic and foreign institutions, released 219 achievements in the fields of digitalization, artificial intelligence, and medical health, an increase of 80 over the previous session. The reporter found that this year's forum activities focused on the new trend of service trade development, and "artificial intelligence" and "innovation-driven" were the key words in the mouths of many guests. "The big model has formed a positive cycle of technology, application and business, helping to reconstruct the digital engine of the industry. In the future, more service industries and application scenarios will rely on artificial intelligence technologies such as large models to achieve innovative development. Wu Tian, vice president of Baidu Group, said at the forum on the development trend and frontier of digital trade. Pang Chaoran, an associate researcher at the Research Institute of the Ministry of Commerce, said that the advancement of digital technology has turned services that were previously thought to be untradable and unstorable into tradable. At present, new technologies and new applications in the field of trade in services are speeding up to production and life, and constantly opening up new space for the development of foreign trade. With "culture" and plastic trade: to create a new engine for service trade, take the VR cockpit to cross the central axis of Beijing, listen to the intelligent robot explain the check-in strategy of the industrial tourism route in the Beijing Economic and Technological Development Zone, and make the architectural form of the National Centre for the Performing Arts into a necklace and wear it on the body...... Immersive exhibitions and interactive experiences are the main features of this year's cultural and tourism service exhibition, and culture is becoming visible, playable and interactive. On the 3-meter-long and 2-meter-high screen, the audience can click on the screen according to the instructions to browse the ten ancient mythical beasts. "This is an immersive interactive experience digital IP product based on the design blueprint of the 'five spines and six beasts' on the eaves of ancient buildings. Up to now, dozens of companies have discussed cooperation intentions with us. Yang Likun, CEO of exhibitor Whale World Technology Company, said. At this year's CIFTIS, more than 80 countries and international organizations set up exhibitions in the name of governments or headquarters, and 13 countries and international organizations set up independent offline exhibitions for the first time, highlighting local traditional culture. In the pavilion of France, the symbol of Paris, the miniature version of the Arc de Triomphe, the arch of the Pont de Bir Hakem on the Seine, stands out, and the display screen shows information about France's cultural heritage. "We are willing to gather the strength of all parties to promote exchanges and cooperation between French and Chinese enterprises." Commercial Counsellor of the France Embassy in China said Kong Shijia. The reporter shuttled through the exhibition hall and clearly felt that the traditional culture and service trade are deeply integrated, and new charm is released in the creative transformation and innovative development. This year, the Metaverse Experience Center in Hall 3 of Shougang Park will present a new digital art exhibition "Meteorology of the Han Dynasty, Painting a Millennium". In the flow of light and the concert of Han music, visitors enter the world of murals and deeply experience the history and culture of the Han Dynasty. Tea sets, living room ornaments, incense utensils...... Xu Huaijun, head of the Anhui Huainan Hanfeng Ceramics Research Office, who has participated in the CIFTIS for five consecutive years, brought a series of exhibits of Shouzhou kiln ceramics this year, focusing on practicality. "Shouzhou kiln ceramics burned in the Northern and Southern Dynasties period, flourished in the Sui and Tang dynasties, and is a more representative Central Plains ceramics in the mainland. Many young people and foreign exhibitors have come here to check in, and CIFTIS is an important platform for us to tell the 'story of Chinese culture' to the world. He said. The song and dance drama "The Cat God in the Forbidden City" uses a fantasy story full of fun and emotion, allowing the audience to have a charming imagination of the Forbidden City; The animated film "Ban Chao" has exquisite pictures and vivid plots, conveying the pioneering spirit of the Chinese nation...... In the exhibition area of CIFTIS, a large number of literary and artistic masterpieces created based on the excellent traditional Chinese culture met the audience face-to-face. "From a global perspective, there is great potential for the development of cultural trade. CIFTIS has built a platform and bridge for the high-quality development of foreign cultural trade, and activated a new engine for the development of trade in services. Pang Chaoran said. Sharing opportunities: broadening the "circle of friends" of service trade "The sales volume of rose series products in our exhibition has exceeded expectations, and we have signed cooperation intentions with a number of Chinese buyers. The relevant person in charge of the Bulgaria Tigavida Trading Company, which participated in the exhibition for the first time, told reporters. The harvest exceeded expectations", is the feeling of many exhibitors at the CIFTIS.

Activating New Momentum and Sharing New Opportunities - Observation of CIFTIS 2024

The picture shows the scene of the 2024 CIFTIS exhibition area. Photo by Xinhua News Agency reporter Wei Yukun This year, Schneider Electric, a France company participating in the CIFTIS for the fifth time, reached a new cooperation with Jingye Group Co., Ltd. Xu Shaofeng, Senior Vice President of Schneider Electric, said: "At this year's CIFTIS, we have established the China Center for Service Business and will sign service cooperation agreements with more local partners in China. "As of 12 noon on the 16th, nearly 242,000 people have entered this year's CIFTIS, and more than 100,000 professional visitors have been invited to participate, an increase of 20% over last year. During the meeting, nearly 1,000 achievements were achieved in 7 categories, including transactions and investments. Since its establishment, CIFTIS has become an important platform for deepening international cooperation in trade in services. A number of guests at the forum said that as an important part of international trade and an important area of international economic and trade cooperation, trade in services is an important driving force for global economic growth. Looking to the future, opportunities and challenges coexist in the development of trade in services. "The development of trade in services still faces multiple obstacles such as geopolitical tensions and regulatory barriers." Knudsen, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), said in a video speech at the Forum on the Development of Trade in Services that it is necessary to promote the opening of trade and investment markets and jointly find new ways of cooperation in trade in services. From the issuance and implementation of the national version and the pilot free trade zone version of the negative list for cross-border trade in services, to the clarification of the pilot work of expanding opening-up in the medical field, and the proposed establishment of wholly foreign-owned hospitals in Beijing, Tianjin and other places, China has continued to increase its support for innovation and development in key areas of trade in services, and explored a high-level opening-up pattern. Wang Bo, deputy director of the Department of Trade in Services and Commercial Services of the Ministry of Commerce, said that he will promote the implementation of the global partner network plan for trade in services, broaden the multilateral, bilateral and regional cooperation mechanisms for trade in services, continue to hold key exhibitions such as the CIFTIS with high quality, and continuously expand the "circle of friends" of the mainland's trade in services.

Source: Xinhua News Agency

Reporter: Wei Yukun, Ji Ning, Liu Yuanyuan

WeChat editor: Liu Sile

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Activating New Momentum and Sharing New Opportunities - Observation of CIFTIS 2024

Finance is the lifeblood of the modern economy, and financial stability leads to economic stability. Financial security is related to the overall development of national and regional enterprises, and it is necessary to maintain a high degree of vigilance against financial risks at all times, enhance the awareness of risk prevention, respond scientifically, and prevent them from occurring. Under the guidance of government authorities, relying on the advanced big data public opinion monitoring system and a professional analyst team, the "Risk Early Warning · Financial Edition" produced by China Financial Information Center summarizes, analyzes, and judges the risk public opinion in different fields and categories of the financial industry, and provides authoritative, professional, practical, timely and effective financial risk public opinion monitoring, research and judgment, early warning and response suggestions for financial regulatory departments, factor markets, financial institutions, listed companies, industry associations, various enterprises, colleges and universities, research institutions, etc. 18,000 per year, once a week, released every Friday.

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