China's Ministry of Commerce announced on Wednesday that China will implement policy measures, including tax and finance reforms, to boost service exports and optimize the policy environment. This initiative comes ahead of the China International Fair for Trade in Services (CIFTIS) in Beijing.

• In the first half of this year, China’s total import and export value of services reached 3.9 trillion yuan ($544.58 billion), an 8 percent year-on-year increase.
• The CIFTIS, scheduled from September 10 to 14 in Beijing, will host over 70 countries and international organizations, with nearly 2,000 companies participating.
• Australia will serve as the country of honor at the fair, with nearly 60 Australian companies and institutions attending.