China saw surging cross-border renminbi (RMB) transactions with Malaysia in the first quarter of 2025, according to the People's Bank of China, the central bank, on Wednesday.
During the period, cross-border RMB transactions between China and Malaysia amounted to 102 billion yuan (about 14 billion U.S. dollars), growing 27 percent from a year earlier.
China will continue improving its policies to provide a more convenient and friendly environment for business entities in China and Malaysia to use RMB for cross-border trade and investment settlement, according to the central bank.
China reports Q1 surge in cross-border RMB transactions with Malaysia
Starting this year, the China International Fair for Trade in Services (CIFTIS) will feature a fixed schedule and venue, with a focus on showcasing cutting-edge technologies such as AI and humanoid robots, as announced during Thursday’s press conference in Beijing.
The 2025 CIFTIS will be held from Sept 10 to 14 at the Shougang Park in Beijing. This year's fair will highlight the latest trends in service trade development and will hold a global service trade summit, exhibitions, forums, business negotiations, achievements releases, among other supporting activities.
"In order to further stabilize the expectations of exhibitors and visitors, starting from this session, the CIFTIS will be held annually on the Wednesday of the second week of September, lasting for five days. The venue will also be permanently fixed at the Shougang Park," said Yin Liang, deputy director of the Beijing International Trade in Services Affairs Center.
Australia, as the guest of honor, will form the largest service trade delegation since the launch of CIFTIS.
Over 30 countries and international organizations, including Norway, Japan, and the World Intellectual Property Organization, have expressed their intention to set up exhibitions and hold events. Among them, Canada will participate for the first time by setting up an online exhibition under its government's name.
"In terms of thematic exhibitions, this year's CIFTIS will continue the nine major themes from previous years while aligning with the development trends of service trade. The focus will be on showcasing solutions in the service trade sector, highlighting technologies and applications such as AI and humanoid robots, and promoting Chinese service products and brands," said Yin.
Beijing's CIFTIS unveils schedule, venue for future editions
