Amidst the bustling exhibition halls of the 23rd China International Fair for Investment and Trade (CIFIT), the spotlight was firmly on the new energy vehicles (NEVs) exhibited by numerous Chinese companies.
In a time of sluggish global recovery and growing economic challenges, CIFTIS reiterates China's commitment to openness, inclusiveness, shared benefit, and innovation-driven development with the aim to inject confidence into global service trade.
Despite a sluggish global economy, many multinational companies, especially those in the consumption sector, have found China a source of confidence for business growth, as their latest financial reports highlighted robust Chinese market performance.
Since its inception in 2013, the China-proposed Belt and Road Initiative (BRI) has offered an open and inclusive platform for cooperation and become a global public good that has been well received by the international community.
In September 2022, the World Intellectual Property Organization (WIPO) released the Global Innovation Index report, ranking Tokyo-Yokohama, Shenzhen-Hong Kong-Guangzhou, and Beijing as the top three global science and technology innovation clusters.
In September 2022, the World Intellectual Property Organization (WIPO) released the Global Innovation Index report, ranking Tokyo-Yokohama, Shenzhen-Hong Kong-Guangzhou, and Beijing as the top three global science and technology innovation clusters.
While lingering headwinds have fueled concerns over global growth prospects, multiple indicators have pointed to the resilience and strength of the Chinese economy.
Enhanced cooperation and better coordination among BRICS countries — Brazil, Russia, India, China and South Africa — will bolster their economic growth and fortify the multilateral trading system, said market watchers and business leaders.