The 2022 China International Fair for Trade in Services－CIFTIS－has further highlighted its role as a key platform for innovative growth by advancing common development through high-level opening-up and facilitating global economic recovery, said government officials on Monday.

Digital trade has become a critical driving force in the recovery of global trade, according to Chinese officials.

Chinese President Xi Jinping on Wednesday urged a joint global push to uphold true multilateralism and foster an open and sharing services economy to inject vitality into the world's economic recovery, at a time when the global economy is grappling with a conflux of the still-raging pandemic, geopolitical tensions and rising concern over a global recession.

Chinese Vice-Premier Han Zheng has called for efforts to promote the healthy and sustainable development of services trade to make greater contribution to the recovery of the global economy.

he 2022 China International Fair for Trade in Services (CIFTIS) will be held here from Aug. 31 to Sept. 5, providing platforms for international exchanges as the world struggles with a sluggish economic recovery.

China's industrial performance has continued its recovery momentum, even though industrial profits edged down as a result of multiple factors, the National Bureau of Statistics (NBS) said Saturday.

A State Council executive meeting chaired by Chinese Premier Li Keqiang on Wednesday specified following measures of the policy package rolled out eariler this year.

The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which both took effect earlier this year, have significantly contributed to boosting Cambodia's economic recovery, a senior official has said.

The reduction in China's benchmark lending rates on Monday will boost the nation's economic recovery by spurring corporate and household spending and stabilizing the real estate sector, experts said.

Officials from China's top economic planner, the National Development and Reform Commission (NDRC), on Tuesday vowed to further bolster investment in major infrastructure projects to help stabilize the economy amid lingering downward pressure.

China will optimize the policy environment conducive to the country's continuous economic recovery, a senior official with the country's top economic planner said on Tuesday.

China's service sector, a key driver of its economic growth, has sustained recovery momentum in July despite a resurgence of sporadic COVID-19 cases and a weak property market.