The China International Fair for Trade in Services (CIFTIS) scheduled to kick off Friday in Beijing is the first major international economic and trade event held offline in China since the outbreak of the COVID-19 pandemic. More than 17,000 companies will attend the upcoming event, organizers said. It will feature 190 online and offline forums and business negotiation sessions. The fair will also release applications of various new technologies and services, including financial security, artificial intelligence, virtual reality, and distance education. China is the world's second biggest importer of services and it has huge potential in the services industry with its large population.