On May 28th, 2019, the opening ceremony of the China International Fair for Trade in Services (“CIFTIS”) was held at the China National Convention Center. Hu Chunhua, Member of the Political Bureau of the Communist Party of China Central Committee and Vice-Premier, delivered keynote speech. Cai Qi, Member of the Political Bureau of the Communist Party of China Central Committee and Secretary of Beijing Municipal Party Committee, read the letters of congratulations from the State Leader. Zhong Shan, the Minister of Commerce, Mahamadou Issoufou, the President of the Republic of Niger, and Charlot Salwai, the Prime Minister of the Republic of Vanuatu, delivered speeches respectively. Chen Jining, the Mayor of Beijing, hosted the ceremony. Yang Jiantao, Party Committee Secretary of Crowe China Certified Public Accountants (“Ruihua CPAs”), Chairman of Ruihua Group, and Co-Chairman of Crowe Global, attended the meeting.

 

Wang Bingnan, Deputy Minister of Commerce hosted the second phase of the opening ceremony. Worawit Techasupakura, the Vice Minister of Tourism and Sports of Thailand,  Ludger Schuknecht, Deputy Secretary-General of OECD, Yi Xiaozhun, Deputy Chief of WTO, Wang Binying, Deputy Chief of WIPO, Gao Tianlei, CEO of the Pfizer Pharmaceuticals Ltd, Wang Xiaochu, Chairman of China United Network Communications Group, and Pang Xinxing, Chairman of StarTimes made speeches respectively.

 

Themed “Openness, innovation, wisdom and integration”, the 2019 CIFTIS mainly focuses on technology, culture, health, business and other service areas, hosting hundreds of forum meetings, such as Global Service and Trade Summit, International Forum, Industrial Conference and Thematic Forum. At the same time, CIFTIS will also host hundreds of negotiation and trade activities, such as national promotion, provincial promotion and industrial negotiation. This event will attract about 8000 enterprises and institutions from 130 countries and regions, including 63 Fortune 500 companies, to give exhibitions and negotiations for cooperation in 12 fields of service trade.

 

According to the statistics, service trade has become a new engine for the development of China’s foreign trade and a new driving force for deepening the opening up. Since the 13th Five-Year Plan, the average growth rate of China’s service trade is higher than that of the world. In 2018, the import and export of service amounted to 5.24 trillion, with an increase of 11.5% year on year, ranking the second in the world for five consecutive years. At the same time, the proportion of trade in services in foreign trade increased from 11.1% in 2012 to 14.7%. China’s trade in services has continued to improve steadily from beginning of this year. The import and export of trade in services in the first quarter amounted to 1.29 trillion yuan, with a year-on-year growth of 2.6%, among which the import and export of emerging services amounted to 458 billion yuan, an increase of 12.6% over the same period last year.

 

Over the years, Ruihua CPAs has been operating under the significant guidance of President Xi, which is “serve the nation and take integrity as the main line”. Ruihua also actively participates and supports the “Belt and Road Initiatives”, endeavors to provide professional support and guarantee to the global economic and trade cooperation. Since 2015, Yang Jiantao has served as the Co-Chairman of Crowe Global. Crowe Global has set up “China Desk” in countries and regions alongside the “Belt and Road”, in order to serve the China enterprises going global. In addition, Crowe Global China Marketing Center has been established in Beijing, which will bridge the communication and cooperation between Chinese and foreign enterprises.

 



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