Beijing opens doors to global partners at service fair

In May, the central government authorized Beijing to pilot reforms to develop the nation’s service industry and open the industry to international collaboration. The service sector contributes more than 80 percent to Beijing’s local economy, and the economic scale of Beijing’s service industry tops all inland cities in China.

The city government plans to make the fair an international platform for the trade in services.

The World Trade Organization and the event’s organizing committee will jointly hold a global summit on services on May 28, inviting government officials, executives from international organizations and enterprises, and experts to discuss development trends in the international trade of services.

The Beijing government will also publish details about new policies and development plans on services trade at the fair.

Companies from all over China are welcome to the fair, said its organizer. The fair is expected to become a pathway for potential foreign partners to reach the Chinese market. The success of the trade fair lies in its ability to engage suppliers and buyers and promote trade.