Core Insights - The 2025 China International Fair for Trade in Services (CIFTIS) will be held in Beijing from September 10 to 14, emphasizing the theme "Digital Intelligence Leading, Service Trade Renewed" [1] - The fair aims to enhance international participation, technological empowerment, authoritative releases, service branding, and interactive experiences, contributing to the construction of an open world economy [1] Industry Developments - China's service trade import and export total reached 3.9 trillion yuan in the first half of the year, a year-on-year increase of 8%, with service exports growing by 15% to 1.7 trillion yuan [2] - The CIFTIS serves as a microcosm of China's commitment to high-level opening up, with measures proposed in previous fairs gradually being implemented [2] - The Ministry of Commerce has fully implemented a negative list for cross-border service trade and is advancing comprehensive pilot demonstrations for service industry opening up [2] Event Highlights - This year's CIFTIS will feature over 70 countries and international organizations, with Australia as the guest country, showcasing a large delegation including Fortune 500 and unicorn companies [2] - Nearly 2,000 companies are expected to participate, including around 500 Fortune 500 and leading international enterprises [4] - The fair will host over 170 forums and promotional activities, along with the release of the "China Service Trade Development Report" [2] Innovation and Technology - The fair will showcase over 190 new products and achievements, focusing on artificial intelligence, healthcare, and smart logistics [7] - Key exhibitors like Alibaba and Philips will present advanced solutions in cloud computing and healthcare services, respectively [7][8] - The event will also facilitate discussions on emerging service trade sectors such as technology innovation, digital services, and ecological protection [8]

Group 1 - The core message emphasizes China's commitment to advancing global service trade cooperation and building an open world economy, contributing to a shared future for humanity [1] - The China International Fair for Trade in Services (CIFTIS) serves as a platform for showcasing China's high-level opening-up and has attracted participation from 85 countries and international organizations, with nearly 2,000 enterprises exhibiting [1][2] - The service industry has become a significant driver of China's economic development, with the service sector accounting for 59.1% of GDP in the first half of the year and service trade imports and exports totaling 45,781.6 billion yuan, reflecting an 8.2% year-on-year growth [2] Group 2 - China is implementing measures to expand service sector openness, including a negative list for cross-border service trade and pilot programs for comprehensive service sector opening, which are gradually taking effect [3] - Recent international economic and trade events in China have facilitated connections among global enterprises, with significant agreements such as the 1,077.5 billion yuan in intended contracts at the China-Arab States Expo [4] - China is committed to maintaining an open global economy, resisting protectionism, and promoting multilateral trade systems, which is seen as essential for global economic prosperity [4]

戴二彪说，人工智能应用的普及将带来服务业革命，期待本届服贸会能展示人工智能应用给服务业带来 的效率革命和内容革命，在巩固传统服务贸易领域的同时，有效拓展新的服贸领域。 以"数智领航，服贸焕新"为主题的2025年中国国际服务贸易交易会10日在北京开幕。日本亚洲成长研究 所所长戴二彪接受新华社记者书面专访时表示，服贸会近年突出展示中国在数字服务、人工智能、金融 科技、文化创意等领域的成果，对全球数字经济、绿色发展与服务贸易的融合发展贡献显著。 安徽省是今年服贸会主宾省。戴二彪说，该省不仅拥有黄山、徽州古城、徽派建筑等丰富的文化旅游资 源，也汇聚了量子通信等国家战略性新兴产业。本届服贸会推介安徽为中国产业升级与服务贸易的代表 省份，对于国内外的创新发展、培育新质生产力和绿色可持续发展能产生示范作用。 戴二彪说，服贸会搭建了政策发布、信息交流、成果展示、项目对接的国际平台，促进了全球服务贸易 发展。除共建"一带一路"国家、中国重要贸易伙伴国外，世界贸易组织、联合国贸易和发展会议（贸发 会议）、经济合作与发展组织（经合组织）、世界知识产权组织等也积极参与服贸会。"可以说，服贸 会搭建了服务贸易领域的重要国际平台。" 新 ...

Core Viewpoint - Australia, as the guest country at the current service trade fair, has set new records in exhibition area and number of exhibitors, highlighting its emphasis on the Chinese market and opportunities [1] Group 1: Trade Relations - China has been Australia's largest trading partner, export market, and import source for 16 consecutive years, indicating the importance of this relationship [1] - The Australia-China Free Trade Agreement (ChAFTA) has significantly promoted bilateral trade prosperity, with a focus on high-quality implementation and review of the agreement [12] Group 2: Exhibition Highlights - The Australian pavilion at the trade fair is the largest ever, showcasing a diverse range of industries including higher education, financial services, and tourism, as well as notable brands in food, health products, and wine [4] - The participation of a strong Chinese government delegation is expected to facilitate connections between Australian exhibitors and key Chinese partners [6] Group 3: Future Opportunities - There is a strong expectation for deep engagement in the service trade sector, with the potential for mutual benefits and significant opportunities [6] - The focus on renewable energy, green economy transformation, and innovative business models reflects the evolving landscape of trade and cooperation [8] Group 4: Areas for Cooperation - Key areas for deepening cooperation include medical research, technology commercialization, and sustainable agricultural practices, with notable Australian enterprises already engaged in these sectors [9] - The need for government to listen to the real demands of businesses is emphasized, as this will guide future negotiations and opportunities [12]

Core Viewpoint - The 2025 China International Service Trade Fair is being held in Beijing from September 10 to 14, featuring 85 countries and international organizations, with Australia as the guest of honor [1]. Group 1 - The fair showcases diverse exhibits from various countries, serving as a vibrant link between different regional cultures and visitors [1]. - Staff at the exhibition areas act as "cultural and exhibit ambassadors," providing engaging explanations about the origins and value of the exhibits to visitors [1].

Core Viewpoint - The 2025 China International Service Trade Fair (CIFTIS) opened in Beijing, highlighting the growing importance of service trade in international economic cooperation and China's commitment to enhancing service trade through innovation [1][2]. Group 1: Event Overview - The CIFTIS took place at Shougang Park, transforming the site into a vibrant venue for international exchange, with significant attendance [1]. - Service trade in China has reached a new milestone, surpassing one trillion USD, reflecting rapid growth in recent years [1]. Group 2: Role of Bank of China - Bank of China has been the exclusive global partner for the banking industry at CIFTIS for five consecutive years, actively participating in the event's preparation and execution [2]. - The bank organized various activities during the fair, including "Sydney Day" and the launch of cross-border financial services, showcasing its commitment to supporting international trade [2][3]. Group 3: Financial Services and Innovations - Bank of China presented its theme "Digital Intelligence Leading Global Services" at the fair, emphasizing its role in providing high-quality financial services to support economic development [3]. - The bank has developed innovative products like the "Mifang Card" and "Laihua Tong" app to enhance the experience of foreign visitors in China, integrating payment, communication, and transportation services [8][9]. Group 4: Support for International Trade - The bank has strengthened its global service capabilities through a network of branches in 64 countries, facilitating cross-border financial services and supporting China's "Belt and Road" initiative [4][5]. - Bank of China has launched various action plans to stabilize foreign trade growth and enhance trade facilitation, contributing to the construction of a trade powerhouse [4]. Group 5: Enhancing Travel Services - The travel service sector has seen significant growth, with a 12.3% increase in imports and exports, and a remarkable 68.7% growth in travel service exports in the first half of 2025 [7]. - The bank has implemented measures to improve payment services for foreign visitors, creating a comprehensive service ecosystem to facilitate travel and shopping in China [7][8]. Group 6: Contributions to Beijing's Development - Bank of China Beijing Branch has played a crucial role in supporting the city's high-level opening-up initiatives, launching innovative financial products to attract investment [10][11]. - The bank's participation in the CIFTIS showcased its commitment to enhancing Beijing's service trade capabilities and supporting the city's economic development [12].

Core Viewpoint - The 2025 China International Service Trade Fair opened in Beijing, showcasing Shanghai's commitment to high-quality development in service and digital trade, with a focus on innovation and global connectivity [1] Group 1: Trade Performance - In the first half of 2025, Shanghai achieved service import and export of 124.13 billion USD, representing a year-on-year growth of 5.5% [1] - Digital service import and export reached 55.02 billion USD, with a year-on-year increase of 1.3%, maintaining the leading position among all provinces and cities in China [1] Group 2: Strategic Initiatives - Shanghai is actively creating national service trade demonstration zones and national digital trade demonstration zones to innovate service trade development mechanisms [1] - The city aims to develop digital trade and establish itself as a global hub for digital trade and service trade, enhancing its global connectivity [1]

Group 1 - The core viewpoint of the articles highlights the significant growth in export tax refunds in Shenzhen, with a total of 801.2 billion yuan processed in the first seven months of the year, representing a year-on-year increase of 20.7%, surpassing the national average growth rate [1] - The three key sectors driving this growth are emerging markets, service trade, and cross-border e-commerce, with tax refunds in these areas showing a year-on-year increase of over 50%, indicating a broad growth potential [1] - Cross-border e-commerce has shown remarkable growth, with the number of refund-eligible enterprises increasing by 1.3 times and tax refunds in this sector rising by 224.3% year-on-year, establishing itself as a new pillar for export growth [1] Group 2 - The tax authority in Shenzhen has optimized the export tax refund management process by implementing an intelligent review model and promoting a "paperless" refund process, which enhances compliance and supports foreign trade enterprises [2] - The personalized policy guidance based on export enterprise data models ensures that companies can effectively benefit from tax incentives, providing strong tax support for stabilizing Shenzhen's foreign trade [2]

Core Viewpoint - China is committed to expanding high-level opening-up and promoting high-quality development of service trade through various platforms and international standards [1][2]. Group 1: Service Trade Overview - Service trade is defined as international trade in services, categorized into four modes: cross-border delivery, consumption abroad, commercial presence, and movement of natural persons [1]. - Service trade is further divided into twelve categories, including financial services, insurance, intellectual property fees, telecommunications, and cultural services, with the first six being knowledge-intensive or digitally deliverable services [1]. Group 2: Growth and Achievements - China's service trade has grown from $4.7 billion in 1982 to over $1 trillion by 2024, marking an increase of over 200 times and positioning it as the second-largest globally [2]. - The structure of service trade is continuously optimizing, with a rapid increase in the share of knowledge-intensive services and a notable rise in digital cultural services [2]. - China maintains service trade relations with over 200 economies, expanding its "circle of friends" in service trade [2]. - There is a strengthening linkage between service trade and production and consumption, which is a key driver for high-quality development [2]. Group 3: Challenges and Opportunities - The global economic landscape is changing, presenting both challenges and opportunities for China's service trade, including internal structural adjustments and external environmental changes [2]. - Compared to some countries, China still faces gaps in industrial foundation, trade structure, and operational entities in service trade [2]. - There is a need for further improvement in the policy framework and enhancement of international discourse power [2]. - The reshaping of global supply chains due to profound adjustments in international economic and trade patterns increases uncertainty in service trade development [2]. Group 4: Strategic Directions - Accelerating the development of service trade is essential for expanding high-level opening-up, with a focus on innovation in service trade [3]. - China should leverage its advantages in industry, technology, and talent to drive high-quality development in service trade [3]. - There is a need to break the reliance on goods over services and implement systemic reforms across various dimensions, including regulatory innovation and the expansion of quality service imports [3].

Core Insights - China's President Xi Jinping emphasized the importance of global cooperation in service trade during the 2025 China International Service Trade Fair, aiming to enhance the open world economy and contribute to building a community with a shared future for mankind [1] Group 1: Service Trade Performance - In the first half of this year, China's total service trade import and export reached 3.9 trillion yuan, a year-on-year increase of 8% [1] - Service exports amounted to 1.7 trillion yuan, growing by 15%, with service exports accounting for 11.5% of total foreign trade exports, an increase of 0.7 percentage points compared to the same period last year [1] - The growth in service trade is attributed to stable performance in traditional sectors like transportation and travel services, as well as contributions from emerging sectors such as knowledge-intensive services [1] Group 2: Innovation and Development Trends - The theme of this year's fair, "Digital Intelligence Leading, Service Trade Renewed," aligns with global trends towards digitalization, intelligence, and sustainability in service trade [2] - The fair highlighted five key features: international participation, technological empowerment, authoritative releases, service branding, and interactive experiences, focusing on the application of new technologies [2] - The development of service trade relies on both external environments and internal conditions, with major economies experiencing rapid growth in service trade and domestic sectors like travel services expected to grow quickly [2] Group 3: Policy and Institutional Support - China's high-level opening-up provides institutional guarantees for service trade development, with the country's status as a manufacturing and goods trade powerhouse benefiting service trade growth [2] - The establishment of bilateral e-commerce cooperation mechanisms with multiple countries enhances international cooperation in service and digital trade [2] - Continuous policy support and measures to promote service exports are expected to optimize the development environment through fiscal, financial, and facilitation aspects [2] Group 4: Future Directions - To sustain high-quality development in service trade, there is a need to expand openness and deepen innovation, ensuring the implementation of various policy measures [3] - The integration of "artificial intelligence + service trade" is crucial for advancing service trade towards higher-end and intelligent directions [3] - Utilizing various service trade open platforms and fostering innovation in service sectors will enhance the overall development level of China's service trade [3]