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Top global event organizers convene in Tianjin to explore cooperation opportunities in China

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Top global event organizers convene in Tianjin to explore cooperation opportunities in China

2025-01-10 22:29 Last Updated At:23:17

The 20th China Expo Forum for International Cooperation (CEFCO) kicked off in north China's Tianjin Municipality on Thursday, bringing together industry professionals from across the world to discuss the future of the global exhibition industry and explore opportunities for international cooperation and sustainable development.

Themed "Empowering a Sustainable Future with New Quality Productive Forces," the three-day forum has attracted over 600 industry professionals from 20 countries and regions, including China, the United States, Canada, and the United Kingdom, with participants sharing insights and discussing the future prospects of the global exhibition industry.

In interviews with China Global Television Network (CGTN), leading event organizers from around the globe highlighted that the vast opportunities presented by the Chinese market continue to draw them back to the country, stressing the significant appeal and potential of the exhibition industry.

"A lot of international exhibition companies came to CEFCO, came to China. And they brought us a lot of very international industrial exhibitions [which] widened our eyesight," said Lin Shunjie, Chairman of the China International Exhibition Center Group.

"We are here supporting it since the beginning back in Beijing in 2005. Over the last three years, I think that there are more international participants. So, it's a good way to mix and match Chinese stakeholders with international stakeholders," stated Adeline Vancauwelaert, COO of the Global Association of the Exhibition Industry (UFI).

Michael Kruppe, General Manager of Shanghai New International Expo Center also emphasized that CEFCO has played a significant role in boosting the exhibition economy and creating a ripple effect that supports broader economic development.

"So, now we have what we call an economic factor. For example, our exhibitions have a factor of 12 to 1. So, one RMB spent in my venue, gives the city of Shanghai 12 RMB. Because you have visitors, they go to restaurants, they take trains, they go to catering. When an exhibition is not happening, all these revenues are not existing. And that is why I think that CEFCO and government involvement becomes more and more important. And that's also why we as stakeholders are looking for closer relations with the government and with CEFCO," said Kruppe.

Since its inception in 2005, the CEFCO has been held in various cities across China, including Beijing, Shanghai, Chengdu and Macao. It has attracted tens of thousands of exhibition industry professionals from over 30 countries and regions, facilitated the launch of numerous high-quality exhibition projects, and played an important role in fostering cooperation between China's exhibition sector and its international counterparts.

Top global event organizers convene in Tianjin to explore cooperation opportunities in China

Top global event organizers convene in Tianjin to explore cooperation opportunities in China

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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