Hunan Enterprises Participate in China Int’l Fair for Trade in Services
The 2020 China International Fair for Trade in Services (CIFTS) is now being held in Beijing from September 4 to 9. The theme of the fair is "Global Service, Shared Prosperity". On September 5, the comprehensive exhibition area and eight industry special exhibitions including cultural services, financial services, 5G communication services, winter sports, tourism services, educational services, sports services, and service robots were officially opened to the public.
According to the Hunan Provincial Department of Commerce, Changsha Xingshen Intelligent Technology Co., Ltd. and other companies participate in the exhibition on site. There are also more than 40 Hunan enterprises attending the exhibition via online platform, including:
--Hunan Jinaxia Xiang Embroidery Co., Ltd.;
-- Hunan SMJM Media Co. Ltd.;
-- China South Publishing & Media Group Co., Ltd.;
--Hunan Construction Engineering Group;
--Hunan Ganghe Industry Co., Ltd.;
--Hunan Hualian China Industry Co., Ltd.;
--China CEC Engineering Corporation;
-- HNAC Technology Co., Ltd.;
-- Wasion Group;
-- Hunan Goke Microelectronics Co., Ltd.;
--Liling Yufeng Fireworks Co., Ltd.;
-- Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd.; and,
--Anker Innovations Science and Technology Co., Ltd.
On September 9, Hunan Construction Engineering Group, as the only provincial enterprise representative, will deliver a keynote speech on "Intelligent Construction Management" at the "2020 International Engineering Management Forum" held by the China International Contractors Association.
In recent years, Hunan's trade in services has maintained a relatively rapid growth, with the trade deficit dropped and trade structure improved significantly. Calculated in RMB, the total value of imports and exports of services in Hunan Province in 2019 was 36.32 billion yuan, a year-on-year decrease of 1.3%, which was 4.6% higher than the national average growth rate. Among them, exports were 7.59 billion yuan, a year-on-year increase of 12.4%, 16.8 percentage points higher than the national average growth rate; imports were 28.72 billion yuan, a year-on-year decrease of 4.4%, 4.4 percentage points higher than the national average growth rate. The trade deficit in services was 3.11 billion yuan, a year-on-year decrease of 9.3%.