Shanghai, China, September 4, 2023 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced to participate in the 2023 China International Fair for Trade in Services (CIFTIS). During the event, FedEx showcased its expertise and strengths in network, capacity, and services, along with its commitment to green logistics and sustainability. These efforts not only enhance connection between China and the global market, but also foster the advancement of international trade.
China plays a key role in driving the development of global trade. In 2022, the export and import of China’s international trade in services totaled nearly RMB 6 trillion, marking a 12.9% year-on-year increase. The first half of this year witnessed similar momentum, with a value of RMB 3.1 trillion, reflecting an 8.5% year-on-year growth. This trend underscores the ongoing surge in China’s international trade in services.[1]
“FedEx believes that trade serves as the lifeblood of the global economy, and we are committed to enhancing trade connectivity around the world,” said Eddy Chan, senior vice president of FedEx Express and president of FedEx China. “China is an important market in FedEx global strategy. We hold great confidence in the market’s potential. As China continues to promote openness and the growth of trade in services, FedEx will leverage our strengths and expertise in the realm of international logistics by expanding our network in China, optimizing our portfolio of cross-border shipping services, and bolstering connections between China and global markets. These efforts will contribute to the stability of the global industrial and supply chains, helping to facilitate the recovery and prosperity of the global economy and trade.”
The 2023 CIFTIS is scheduled to take place from September 2 to 6 at the China National Convention Center and Shougang Park. The event has drawn participation from over 600,000 exhibitors representing 196 nations and regions since its inception.[2] Under the theme “Openness Drive Development, Cooperation Creates a Win-Win Future,” the 2023 CIFTIS stands as an important platform for FedEx to share its expertise in global trade.
[1] https://www.gov.cn/lianbo/fabu/202308/content_6899447.htm