CIFTIS: Promoting Trade in Services in China

As the cultural, educational and economic hub of China, Beijing is the perfect choice for an event promoting international cooperation in the services sector. Chosen as the capital city of China by the Yan dynasty in 352 AD, Beijing has a long trade and cultural history. Since reforms in the economy that took place in the early 1980s, Beijing has been experiencing tremendous economic growth that is expected to continue. With extensive banking services and strong infrastructure, the city is often the first port of call for startup businesses and foreign investment. Beijing’s Central Business District is home to more than a hundred Fortune 500 companies in the information technology, financial, media, consulting and service industries. Some analysts predict that China is likely to overtake the United States as the world’s largest economy by the year 2030.

With the trend of economic globalization continuing to accelerate, the need for events like CIFTIS is greater than ever as it facilitates the gathering of leaders in these various service sectors, allowing the opportunity for exchange of expertise, forging of new business relationships and strengthening existing ties.