🌟 Global businesses are buzzing as the 2024 China International Fair for Trade in Services (CIFTIS) kicks off in Beijing! With the theme \"Global Services, Shared Prosperity\", this five-day extravaganza is drawing over 450 Fortune 500 companies and industry leaders, along with 85 countries and international organizations. 🌍
Why all the hype? China's huge market is a magnet for companies looking to explore opportunities in the world's second-largest economy. Jack Chan, chairman of EY China, says CIFTIS is the perfect place for global enterprises to share in China's opening up and the booming trade in services. \"It's like building a big circle of friends for win-win cooperation,\" he shared. 🤝
Echoing this vibe, Jacky Zou, chairman-elect of KPMG China, highlighted that Chinese modernization is offering fresh opportunities for global development. With China's door opening wider, KPMG is eager to help foreign companies expand in the Chinese mainland and assist Chinese enterprises in going global. 🌐
China's trade in services is on fire 🔥, showing steady growth and becoming a major engine for its foreign trade. In the first seven months of 2024, imports and exports of services hit 4.2 trillion yuan (about $590 billion), up 14.7% year on year. 🚀
\"China's massive domestic market is expanding its imports of quality services, offering the world new development opportunities,\" said Wang Dongtang from the Ministry of Commerce. \"We're also encouraging exports of knowledge-intensive services to share the fruits of our high-quality development with the world.\" 🌱
International big names are joining the party! 🎉 Nestlé is back for a second time, showcasing over 10 products including coffee, drinking water, and baby nutrition. \"We always have confidence in the Chinese market,\" said David Zhang, CEO of Nestlé Zone Greater China. Nestlé aims to meet the demands of Chinese consumers by offering more innovative products and services. ☕
First-timers are also making a splash. 🌊 German medical tech company Siemens Healthineers is debuting with several leading medical products. \"CIFTIS is an important global platform for medical innovations and technologies,\" said Lena Wang, VP of Siemens Healthineers China. \"It provides vast opportunities to explore partnerships.\" 🏥
Medtronic, a global medical device giant, is also here with over 60 products and solutions. Alex Gu, president of Medtronic Greater China, emphasized the value of national-level exhibitions like CIFTIS for fostering exchanges and cooperation. \"Given China's massive population and medical needs, the Chinese market has great potential,\" he noted. 💉
With such a star-studded lineup 🌟 and China's continued commitment to opening up, the 2024 CIFTIS is set to be a game-changer for global businesses looking to tap into new growth opportunities. Stay tuned for more exciting updates! 🎊
Reference(s):
China services trade fair offers opportunities for global businesses
cgtn.com
