Core Points - The 2025 China International Service Trade Fair (CIFT) will take place from September 10 to September 14, 2025, at the Shougang Park in Beijing, focusing on the latest trends in service trade [3][4] - The event will feature a global service trade summit, exhibitions, forums, and various promotional activities, highlighting new technologies and applications such as AI and humanoid robots [5][6][7] Group 1 - The CIFT will have a fixed location and date starting this year, moving from a dual-site format to a single venue at Shougang Park, enhancing the interaction between people and the environment [4] - Australia will be the guest country, forming the largest service trade delegation in the history of the fair, with over 30 countries and international organizations expressing interest in participating [5][8] - The fair will continue to showcase innovative products and authoritative releases, with over 200 items already planned for presentation, including a multi-use unmanned sanitation vehicle and a low-altitude meteorological service platform [5][6] Group 2 - The exhibition will focus on solutions in the service trade sector, optimizing the layout to emphasize the interactive and professional characteristics of the industry [7] - The CIFT is recognized as the largest comprehensive service trade exhibition globally and serves as a significant window for China's opening up to the world, having attracted nearly 1.19 million exhibitors and attendees from around 200 countries and regions since its inception in 2012 [8]

中新网上海5月14日电 题：上海北外滩开发建设五周年：重塑"港口价值"跑出经济发展"加速度" 中新网记者 樊中华 聚集近2000家外资企业，2024年拉动上海虹口区实到外资增长35.8%；引进亿元以上重大投资项目335 个、总投资超过3000亿元；集聚港航企业4700余家，运力占上海全市近七成；集聚各类金融机构2100余 家，资产管理规模超8万亿元；以占上海市0.3%的面积，贡献了超3%的经济总量……五年来，位于上 海"一江一河"交汇处的北外滩正在迅速崛起。 作为上海中心城区唯一一块成片规划、深度开发的黄金地段，北外滩于2020年6月全面启动新一轮开发 建设，对标国际最高标准、最好水平，旨在成为上海国际经济、金融、贸易、航运、科创"五个中心"的 核心功能承载区，与陆家嘴、外滩共同构成持续提升上海全球城市能级的"黄金三角"。 在北外滩俯瞰浦江两岸。虹口区委宣传部供图 吕鸣介绍，在打造"服务贸易港"方面，北外滩聚焦航运金融、船舶管理、海事仲裁等高端航运服务的攻 坚突破，推动航运"数字化、智能化、绿色化"转型；深耕资管财富特色赛道，大力引进持牌机构，发展 金融科技，吸引更多风险投资、私募股权投资和资产管理公司服务科 ...

Core Viewpoint - Hollywood is facing significant challenges due to declining international market share, increased competition, and the impact of tariffs, which collectively threaten its historical dominance and the broader U.S. service trade [1][4][14] Group 1: Hollywood's Historical Context and Achievements - Hollywood has evolved over a century, pioneering various film production and distribution methods, and has historically dominated global box office revenues [3][4] - In 2024, Hollywood films occupied 9 out of the top 10 global box office spots, with "Inside Out 2" leading at $1.757 billion [3] Group 2: Current Market Challenges - The global box office revenue for Hollywood films fell to $30.5 billion in the previous year, a 10% decrease, with international market share dropping from 82% to 77% [4] - The number of Hollywood films grossing over $200 million globally decreased from 31 to 23, indicating a contraction across all markets [4] - In North America, the number of Hollywood films earning over $100 million fell from 25 to 22, with a revenue drop of nearly $300 million [4] Group 3: Impact of Streaming Services - Streaming platforms like Netflix and YouTube are increasingly preferred by audiences, with only 34% of U.S. adults favoring cinema, while nearly 80% prefer streaming [5] - The average time spent by U.S. audiences on streaming platforms reached 3.13 trillion minutes weekly, indicating a shift in viewing habits [5] Group 4: Tariff Policies and International Relations - The U.S. tariff policies under the Trump administration have led to reduced imports of American films in China, a crucial market for Hollywood [7][9] - China has historically been a significant market for Hollywood, contributing to a peak revenue of $21.6 billion in 2017, but this has declined to approximately $6.273 billion in 2024 [9] Group 5: Financial Implications and Future Outlook - The average production cost for Hollywood films exceeds $200 million, and rising tariffs on imported materials are expected to increase production costs and reduce profitability [9][10] - The usage rate of Los Angeles studios dropped from over 90% to 63%, with filming days at a six-year low, indicating a contraction in production activity [10] - The U.S. service trade, heavily reliant on Hollywood films, is projected to face significant challenges due to declining revenues and potential retaliatory measures from other countries [13][14]

Core Insights - Shenzhen's service trade development support policy emphasizes the acceleration of digital trade as a primary task [1] - The policy includes financial incentives for service trade enterprises, with rewards up to 1 million yuan for eligible companies [1][2] Group 1: Digital Trade Support - The policy encourages service trade companies to legally transmit data and digital products across borders, aiming to expand the scale of digital service exports [1] - Shenzhen ranks second in China for the number of companies in the digital delivery and ordering trade sectors, with 35 companies listed in the top 100 [1] Group 2: Support for Service Trade Business Development - Shenzhen promotes high-value outsourcing services, including IT outsourcing (ITO) and knowledge process outsourcing (KPO), with rewards up to 1 million yuan for qualifying companies [2] - The city supports the expansion of technology exports, offering rewards based on the actual execution amount, ranging from 80,000 yuan to 1 million yuan [2] - Incentives are also provided for companies engaging in international service outsourcing, with rewards from 50,000 yuan to 100,000 yuan based on execution amounts [2] Group 3: Support for Market Entities - The policy aims to enhance the export capabilities of high-end professional service providers, including accounting and legal services, with rewards up to 1 million yuan [3] - Financial services are also targeted for growth, with incentives of up to 2 million yuan for qualifying financial service trade enterprises [3] - New businesses meeting specific criteria can receive rewards of up to 100,000 yuan for achieving revenue growth [3] Group 4: Rationale for Increased Focus on Service Trade - The global service trade accounts for over 23% of total trade, and China has a long-standing service trade deficit, necessitating competitive enhancements through openness [4] - Shenzhen's strategy includes expanding service trade scale, optimizing structure, and increasing efficiency, with a comprehensive action plan featuring 66 specific measures [4] - Over the past three years, Shenzhen's Commerce Bureau has funded 87 quality service trade enterprises [4] Group 5: Trade Performance - In 2024, Shenzhen's total service trade import and export value exceeded 140 billion USD for the first time [5]

Group 1: Service Trade Performance - In Q1 2025, China's service trade totalled 19,741.8 billion yuan, a year-on-year increase of 8.7% [3] - Service exports reached 8,351.5 billion yuan, growing by 12.2%, while imports were 11,390.3 billion yuan, increasing by 6.2% [3] - The service trade deficit was 3,038.8 billion yuan, a decrease of 244.6 billion yuan compared to the same period last year [3] - Knowledge-intensive service trade grew to 7,524.9 billion yuan, up 2.6%, with significant contributions from business services and telecommunications [3] - Travel services saw the highest growth, with total imports and exports reaching 5,849 billion yuan, a 21.8% increase, and exports surged by 97.5% [3] Group 2: Manufacturing PMI Analysis - In April 2025, the manufacturing PMI was 49.0%, down 1.5 percentage points from the previous month, indicating a decline in manufacturing activity [5] - The production index was at 49.8%, reflecting a slight slowdown in manufacturing production [6] - The new orders index fell to 49.2%, suggesting a decrease in market demand for manufactured goods [7] - The raw materials inventory index dropped to 47.0%, indicating a reduction in the inventory levels of key raw materials [8] - The employment index was at 47.9%, showing a decline in employment levels within the manufacturing sector [9] Group 3: Non-Manufacturing PMI Insights - The non-manufacturing business activity index was 50.4% in April 2025, down 0.4 percentage points but still indicating expansion [10] - The construction sector's business activity index was 51.9%, while the services sector's index was 50.1%, both showing a decline from the previous month [10] - The new orders index for non-manufacturing fell to 44.9%, indicating a drop in market demand [10] - The input prices index was at 47.8%, suggesting a decrease in the overall price level of inputs used in non-manufacturing activities [11] - The business activity expectations index remained optimistic at 56.0%, despite a slight decline [11] Group 4: Comprehensive PMI Overview - The comprehensive PMI output index was 50.2% in April 2025, down 1.2 percentage points but still above the critical point, indicating continued expansion in production activities [13]

Core Insights - China's service trade experienced rapid growth in Q1 2025, with a total import and export value of 19,741.8 billion yuan, marking an 8.7% year-on-year increase [1] - Service exports reached 8,351.5 billion yuan, up 12.2%, while imports totaled 11,390.3 billion yuan, increasing by 6.2% [1] - The service trade deficit narrowed to 3,038.8 billion yuan, a reduction of 244.6 billion yuan compared to the same period last year [1] Travel Services - Travel services emerged as the fastest-growing segment, with imports and exports totaling 5,849 billion yuan, reflecting a 21.8% growth [1] - Travel service exports surged by 97.5%, while imports grew by 14.9% [1] - The growth in travel service exports is attributed to policy relaxations, increased international appeal, and enhanced digital services and payment convenience [1] Outbound Tourism - The demand for outbound tourism among Chinese residents rebounded strongly post-COVID-19, driven by a desire for personalized and high-quality travel experiences [2] - The recovery of international transportation and supply chains has also contributed to the growth of the outbound tourism market [2] - The dual growth in travel service imports and exports reflects the recovery of the global tourism market and highlights the increasing international competitiveness of China's cultural and tourism industry [2]

智通财经4月29日电，2025年一季度，我国服务贸易较快增长，服务进出口总额19741.8亿元，同比增长 8.7%。其中，出口8351.5亿元，增长12.2%；进口11390.3亿元，增长6.2%。服务贸易逆差3038.8亿元， 比上年同期减少244.6亿元。 一季度我国服务进出口总额19741.8亿元 同比增长8.7% ...

Core Insights - The service trade in China experienced rapid growth in Q1 2025, with a total import and export value of 19,741.8 billion RMB, reflecting a year-on-year increase of 8.7% [1] Summary by Categories Overall Service Trade Performance - Total service trade value reached 19,741.8 billion RMB, with exports at 8,351.5 billion RMB (up 12.2%) and imports at 11,390.3 billion RMB (up 6.2%) [1] - The service trade deficit was 3,038.8 billion RMB, which is a decrease of 244.6 billion RMB compared to the same period last year [1] Travel Services - Travel services showed the fastest growth, with total import and export value reaching 5,849 billion RMB, marking a growth of 21.8% [1] - Exports in travel services surged by 97.5%, while imports increased by 14.9% [1]

Core Viewpoint - China's service trade is experiencing significant growth, with a total service trade volume projected to reach 7.10 trillion yuan in 2024, reflecting a year-on-year increase of 16.38% [1][10]. Industry Overview - Service trade involves the cross-border flow of services as trade goods, categorized by delivery method and production factor intensity [2][4]. - The industry has evolved through four main stages: initial exploration (1978-1992), rapid growth (1992-2001), accelerated development (2001-2012), and high-quality development (2012-present) [4][5][6]. Industry Development History - From 1978 to 1992, service trade began to develop but lagged behind manufacturing, with total service trade imports and exports increasing from 4.4 billion USD to 10.8 billion USD [4]. - The period from 1992 to 2001 saw a significant increase in service trade, with the share of global service trade rising from 1% to 2.3% [5]. - Following China's accession to the WTO in 2001, service trade grew rapidly, with total imports and exports increasing from 71.9 billion USD in 2001 to 713 billion USD in 2015 [5]. - Since 2012, the focus has shifted to high-quality development, with policies promoting service trade transformation and an increase in knowledge-intensive service trade [6]. Industry Chain - The service trade industry chain includes upstream components like infrastructure and technology support, midstream service trade activities, and downstream demand from consumers, businesses, and government [8]. Current Industry Status - In 2024, the service trade deficit is projected to be -1.63 trillion yuan, a decrease of 10.78% year-on-year, primarily due to increased outbound travel demand driven by rising household incomes [10]. - Key segments driving growth include travel services, which are expected to reach 2.07 trillion yuan, a 33.67% increase, and transportation services, projected at 2.00 trillion yuan, a 15.18% increase [12][13]. Key Companies' Performance - Major companies in the service trade sector include COSCO Shipping Holdings, which reported a revenue of 233.9 billion yuan in 2024, a 33.35% increase, and a gross profit of 67.7 billion yuan, a 145.35% increase [17]. - Boyuan Technology, a global IT service provider, reported a revenue of 5.098 billion yuan in the first three quarters of 2024, a 4.64% increase, but a net profit decline of 20.39% [19]. Industry Development Trends - Digital transformation is a key trend, with advancements in AI, blockchain, and cloud computing expected to enhance service delivery and efficiency [21]. - The demand for knowledge-intensive services is anticipated to rise, particularly in finance and IT, driving the industry towards higher value chains [22]. - Green service trade is emerging as a significant trend, with increasing focus on sustainability and environmental protection [23].

第五届中国国际消费品博览会于4月13日至18日在海南省举行，首次设立主宾省（市），由北京市担 任。北京市以"首善标准"和"国际视野"深度参与本届消博会，精心打造"开放赋能，京彩无限"主题展 台，举办"北京主宾省（市）主题日推介活动"，并于消博会期间重点推介2025年服贸会。 北京展台生动呈现了2024年服贸会精彩瞬间和丰硕成果，重点展示了2025年服贸会突出服务贸易特色， 进一步提质升级的展会亮点。2025年服贸会将于9月在北京首钢园区一址举办，将充分发挥工业遗存场 景特色优势，优化空间布局，打造"小镇式会展"。在北京展台上，服贸会吉祥物"福燕"毛绒玩具、徽 章、工艺品等精品文创备受关注，深受观众喜爱。 转自：国际商报 4月14日上午，"2025年中国国际服务贸易交易会推介活动——海口站"在北京主宾省（市）主题日推介 活动上举办。北京市商务局党组成员、北京市国际服务贸易事务中心主任赵旗舟重点介绍了2025年服贸 会的筹备情况、特色亮点及参展机遇。服贸会目前已发展成为全球规模最大的服务贸易领域综合型展 会，也是中国对外开放的重要窗口。2025年服贸会固化了举办时间和地点，开幕当天上午将高规格举办 全球服务贸易峰 ...