File photo of China International Fair for Trade in Services. (Photo: Sipa)

The China International Fair for Trade in Services, which to be held in Beijing on Friday, will stage a total of 190 forums and negotiations under the theme of "Global Services, Shared Prosperity".

These are the Summit Forum on Trends and Latest Developments of Digital Trade, World Conference on Tourism Cooperation and Development, Summit Forum on Emerging Trends in the Opening-up and Development of the Trade in Services, and Summit Forum on Trade Facilitation in Services: Perspective of the Multinationals.

During the service trade fair, the Ministry of Commerce, the Ministry of Industry and Information Technology, the Development Research Center of the State Council, the China Council for the Promotion of International Trade and other relevant national departments will jointly host these four summit forums with Beijing municipal government.

Up to now, 20 officials from international organizations have confirmed they will participate in the service trade fair online.

More than 70 executives from 43 Fortune 500 companies and 20 multinational companies, as well as well-known economists, such as Joseph Stiglitz and Li Daokui, also have confirmed their participation.

Wu Lanlan, vice-chairman of the China Council for the Promotion of International Trade Beijing Sub-council, said there would be four summit forums, 134 industrial sector-based forums and negotiations, 29 national and regional themed events, and 18 provincial, district and municipal themed events, as well as five evening activities.

International organizations, such as the World Intellectual Property Organization, the World Food Program, the International Banking Federation, the World Trade Center Association and the World Tourism Cities Federation, also will hold forums focusing on topics, such as intellectual property rights protection, the food supply chain, financial technology, smart interconnection and tourism cooperation.

The fair has prepared both online and offline events due to the COVID-19 global pandemic. During CIFTIS, a number of authoritative reports and new technology applications will be released.