On September 4, 2020, Chinese President Xi Jinping in his opening address at the 2020 China International Fair for Trade in Services (CIFTIS) declared support for Beijing Municipality in developing a national integrated demonstration zone for greater openness in the services sector and setting up a pilot free trade zone characterizing scientific and technological innovation, opening-up of the services sector, and digital economy. Beijing will accelerate the construction of the "two zones" and strive to build a world-class and favorable business environment governed by rule of law and create better conditions conducive to domestic and foreign companies developing their businesses in Beijing.