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World News September 14, 2025

China’s 2025 service trade fair closes with 900+ deals, highlights digital innovation

The 2025 China International Fair for Trade in Services (CIFTIS) concluded in Beijing with over 900 agreements signed across sectors such as IT, finance and construction, underscoring strong global participation and digital trade innovation. Held at Shougang Park, the five-day event drew more than 60 countries, 20 international organizations, and over 250,000 visitors. Fortune Global 500 firms and leading enterprises unveiled 198 achievements in areas including AI, fintech, healthcare and green tech, with 109 new product launches. Australia, the guest country of honor, reached 15 cooperation deals, while Norway, the Netherlands and several African nations highlighted opportunities in health, sports and tourism. Experts noted China’s service trade hit 3.9 trillion yuan ($549 billion) in the first half of 2025, up 8 percent year-on-year, reflecting a global shift from goods to services.

Credit : CGTN

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