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Xi Jinping calls for an open, shared services economy

The opening ceremony of the 2022 China International Fair for Trade in Services is held in Beijing, China, August 31, 2022. /CFP


Chinese President Xi Jinping on Wednesday called for an open and shared services economy to inject momentum into the recovery and development of the world economy.

Xi made his remarks in a congratulatory letter to the 2022 China International Fair for Trade in Services (CIFTIS), which opened on Wednesday in Beijing.

Noting the CIFTIS is an important platform for China to expand opening-up, deepen cooperation and lead innovation, Xi said the CIFTIS has made positive contributions to the development of global services sectors and trade in services.

China insists on promoting high-quality development with high-level opening up, he pointed out, adding the country has eased market access in the service sector, made cross-border trade in services more open, expanded the function of the platform for opening-up, and strived to establish a high-standard system for opening up the service sector.

Xi also emphasized that China is willing to work with other countries to adhere to true multilateralism and stay committed to benefits for all and win-win cooperation.

The CIFTIS, the biggest comprehensive fair in global trade in services, is being held in Beijing from August 31 to September 5 at the China National Convention Center and Shougang Park.

Titled “Cooperate for better development, innovate for a greener future”, this year’s event features an exhibition area of 152,000 square meters and a new environmental services exhibition at the China National Convention Center.

There are 1,407 offline exhibitors, an increase of 13.8 percent over last year, of which 446 are Fortune 500 companies and industry leaders.

A total of 71 countries and international organizations are attending this year’s event, including the UK, Germany, Switzerland, Italy, Australia and the United Arab Emirates

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