Group 1 - The 2025 China International Fair for Trade in Services (CIFTIS) will be held in Beijing from September 10 to 14, featuring nearly 2,000 enterprises, including around 500 Fortune Global 500 companies [1] - The theme for this year's fair is "Digital Intelligence Leading, Service Trade Renewed," focusing on sectors such as artificial intelligence, healthcare, smart logistics, and cultural integration [1] - Over 190 new products and innovations will be launched at the event, including the world's first 3D-printed polymer fatigue-resistant absorbable vascular scaffold and a professional optical quantum computer [1] Group 2 - The fair will host a high-profile Global Service Trade Summit and release the "China Service Trade Development Report," along with over 170 forums and promotional activities [2] - Recent years have seen China announce a series of open measures at CIFTIS, including the implementation of a negative list for cross-border service trade and the expansion of quality service imports [2] - The Ministry of Commerce plans to introduce a series of policies to promote service exports, enhancing support in fiscal, financial, and facilitation aspects [2] Group 3 - CIFTIS reflects China's efforts in promoting service trade development through open cooperation, showcasing the growth trends in both Chinese and global service trade [3] - According to the WTO, global service exports are expected to grow by 4.0% by 2025, with China's service import and export total reaching 3.9 trillion yuan in the first half of the year, a year-on-year increase of 8% [3] - Service trade is increasingly becoming a major driver of global trade growth, with both global and Chinese service trade shares in total trade continuing to rise [3]

Core Insights - The 2025 China International Service Trade Fair will be held from September 10 to 14 in Beijing, with preparations nearly complete [1] - The theme for the fair is "Digital Intelligence Leading, Service Trade Renewed," highlighting a focus on technological and intelligent applications [1] - Australia will be the guest country, bringing nearly 60 enterprises to participate and host promotional activities [1] Industry Developments - The fair will feature participation from 54 countries and 21 international organizations, creating more collaboration opportunities [1] - Over 100 companies are expected to launch more than 190 new products and achievements during the event, including groundbreaking technologies such as the world's first 3D-printed polymer fatigue-resistant absorbable vascular stent and a professional optical quantum computer [1] - The Ministry of Commerce anticipates favorable conditions for the growth of service trade in the second half of the year, with global service trade expected to continue growing [1] Market Outlook - Key sectors such as travel are projected to experience rapid growth [1] - There will be increased policy support for service trade, contributing to an overall positive outlook for the year [1] - The service trade structure is expected to continue optimizing, indicating a shift towards more advanced and diversified service offerings [1]

Core Viewpoint - The 2025 China International Service Trade Fair will be held in Beijing from September 10 to 14, focusing on enhancing service trade investment and consumption vitality through a platform for global cooperation and innovation [1][2]. Group 1: Event Highlights - The fair will feature participation from over 70 countries and international organizations, with Australia as the guest country and Anhui province as the guest province [2]. - Nearly 2,000 enterprises are expected to participate, including around 500 Fortune 500 companies, covering 27 of the top 30 service trade countries and regions [2]. - The event will include six types of activities: global service trade summit, exhibitions, forums, negotiations, result releases, and supporting activities, emphasizing international participation and technological empowerment [2][3]. Group 2: Industry Development - China's service trade import and export volume reached a historical high in the first half of the year, with expectations for continued growth and structural optimization throughout the year [4]. - The World Trade Organization forecasts a 4.0% growth in global service exports by 2025, with major economies showing rapid growth in service trade [4]. - In the first half of the year, China's travel service import and export volume exceeded 1 trillion yuan, with a growth rate of 12.3%, and knowledge-intensive service imports and exports are expected to maintain this growth rate [4]. Group 3: Policy Support - The Chinese government plans to enhance policy support for service trade, focusing on high-level openness and quality development, with upcoming measures to promote service exports through fiscal, financial, and facilitation aspects [5][6]. - The fair will serve as a significant platform for expanding service consumption, with over 10 inspection routes designed to showcase new digital and intelligent consumption scenarios [6]. - Policies aimed at enhancing service consumption in areas such as home services, health consumption, and green consumption will be implemented, with further measures to be announced next month [6].

Core Viewpoint - The 2025 China International Fair for Trade in Services (CIFTIS) will be held in Beijing from September 10 to 14, showcasing the growth and significance of China's service trade sector, with a record high service import and export total in the first half of the year [1][3]. Group 1: Service Trade Growth - In the first half of this year, China's service import and export total reached 3.9 trillion yuan, marking an 8% year-on-year growth and setting a historical record for the same period [3]. - The fair will feature over 70 countries and international organizations, with Australia as the first guest country, bringing the largest exhibition group since its inception [3]. Group 2: Event Highlights - Nearly 2,000 enterprises are expected to participate in the fair, including around 500 Fortune Global 500 companies and leading international firms, covering 27 of the top 30 countries and regions in service trade [3]. - The theme for the 2025 CIFTIS is "Digital Intelligence Leading, Service Trade Renewing," and it will include six types of activities such as global service trade summits, exhibitions, forums, and product launches, with over 190 new products and achievements being unveiled [3][5]. Group 3: Venue and Experience - This year's fair will be held at Shougang Park, which has undergone significant renovations to enhance the venue, promising a unique experience combining industrial features with diverse exhibition activities [6].

Core Viewpoint - The Chinese government is set to introduce a series of policies aimed at promoting service exports and expanding service consumption, highlighting the significant growth potential in these areas for domestic demand and international trade [1][5]. Service Trade Growth - In the first half of the year, China's total service trade reached 3.9 trillion yuan, marking an 8% year-on-year increase, which is 5.1 percentage points faster than the growth rate of goods trade [3]. - Service exports amounted to 1.7 trillion yuan, growing by 15%, with service exports accounting for 11.5% of total exports, an increase of 0.7 percentage points from the previous year [3]. - The rapid growth in service exports is primarily driven by traditional sectors such as transportation and travel, with transportation services exporting 418.5 billion yuan (up 23.9%) and travel services exporting 174.87 billion yuan (up 68.7%) [3]. Policy Measures - The Ministry of Commerce plans to introduce new policies covering fiscal, financial, and regulatory aspects to further support service exports [5][7]. - Specific measures include enhancing support for key service export sectors, improving tax refund processes, and facilitating international market expansion for enterprises [10][11]. Service Consumption Expansion - Service consumption is recognized as a crucial component for expanding international trade and boosting domestic demand [9]. - The Ministry of Commerce aims to enhance service supply by focusing on high-quality services and expanding areas such as health, elderly care, and domestic services [12]. Upcoming Events - The China International Fair for Trade in Services (CIFTIS) is scheduled for September 10-14, featuring nearly 2,000 exhibitors, including around 500 Fortune 500 companies [14]. - The event will showcase over 190 new products and innovations, emphasizing high-quality service supply and promoting commercial value [14][15].

Core Viewpoint - The article emphasizes the significant growth potential of service consumption in expanding domestic demand and international trade, highlighting upcoming policies to promote service exports and consumption [1][2]. Summary by Sections Service Export Growth - In the first half of the year, China's total service trade reached 3.9 trillion yuan, a year-on-year increase of 8%, outpacing the growth rate of goods trade by 5.1 percentage points [3]. - Service exports amounted to 1.7 trillion yuan, growing by 15%, with their share in total exports rising to 11.5%, an increase of 0.7 percentage points from the previous year [3]. - The rapid growth in service exports is primarily driven by traditional sectors such as transportation and travel, with transportation services exporting 418.5 billion yuan (up 23.9%) and travel services exporting 174.87 billion yuan (up 68.7%) [3]. Global Service Trade Outlook - The WTO projects a 4.0% growth in global service exports by 2025, with significant growth expected in travel and other key sectors [4]. - China's travel service trade exceeded 1 trillion yuan in the first half of the year, with a growth rate of 12.3%, and is expected to maintain rapid growth throughout the year [4]. Policy Support for Service Exports - The Ministry of Commerce plans to introduce a series of policies to enhance service exports, focusing on fiscal, financial, and regulatory support [5][6]. - Specific measures include optimizing tax refund processes, increasing export credit insurance support, and facilitating international market expansion for service trade [6]. Expansion of Service Consumption - Service consumption is identified as a crucial area for boosting domestic demand and consumption [7]. - From January to July, retail sales of consumer goods reached 28.4238 trillion yuan, with service retail sales growing by 5.2% [8]. - The Ministry of Commerce aims to enhance service supply and stimulate consumption through various policy initiatives, including targeted support for sectors like elderly tourism and health services [8][9]. Upcoming Events and Innovations - The China International Fair for Trade in Services (CIFTIS) is set to showcase over 190 new products and innovations, with participation from nearly 2000 enterprises, including 500 Fortune Global 500 companies [10]. - The event will feature numerous forums and discussions on cutting-edge topics, promoting high-quality service brands and innovative solutions [11].