China's service import and export scale has been the world's second largest service industry for 9 consecutive years | China | Import and Export
Beijing, September 5th (Xinhua) - Faced with a complex and severe external environment, China's service trade adheres to innovative development, demonstrates openness and vitality, and continues to enhance its international competitiveness. According to the 2023 China International Fair for Trade in Services, China's total import and export of services reached 889.1 billion US dollars last year, a year-on-year increase of 8.3%, ranking second in the world for nine consecutive years. From "Made in China" to "Served in China", China's economy is experiencing an acceleration of kinetic energy conversion.
The China Service Trade Development Report 2022, led by the Ministry of Commerce, shows that the scale of China's service import and export has reached a new historical high, the scale of offshore service outsourcing has steadily expanded, and the effect of transformation and upgrading is obvious. The report believes that China's service trade has become an important force in promoting foreign trade growth, building a new development pattern, and cultivating new advantages in international cooperation and competition.
In recent years, the national service industry has launched more than 1100 pilot and pilot policies and measures to expand its opening up; The pilot program for comprehensively deepening innovative development in service trade has been expanded to 28, and a total of 2883 pilot tasks and measures have been promoted and implemented; Continuously revising the negative list of foreign investment access, canceling or relaxing access restrictions in the service sector... The service industry and service trade fully play the role of the "experimental field" of reform and opening up, increasingly becoming a new driving force for deepening opening up to the outside world.
Wang Shouwen, International Trade Negotiator and Deputy Minister of the Ministry of Commerce, said that in the first half of this year, China's service industry accounted for 56% of GDP and contributed 66% to economic growth. The utilization of foreign investment in the service industry accounted for 70% of China's total utilization of foreign investment. "We must adhere to promoting high-quality development through high-level openness and be committed to working together with other countries to promote an open and shared service economy."
With the accelerated innovation of technologies such as big data, cloud computing, the Internet of Things, and artificial intelligence, China's service trade is accelerating its digital transformation. Nowadays, new businesses and services such as digital culture, digital finance, Internet health care, online education, and intelligent logistics are emerging, greatly expanding the application scenarios of the service industry. In 2022, the export of digitally deliverable services exceeded 210 billion US dollars, accounting for over 50% of service exports.
The world economy thrives when it is open, and declines when it is closed. The innovative development of service trade has always been on the way. "The Ministry of Commerce will promote the accession to more international economic and trade agreements such as the CPTPP and the Digital Economy Partnership Agreement, benchmark international high standard economic and trade rules, and take the lead in five conditional free trade pilot zones such as Beijing and the Hainan Free Trade Port. It will guide foreign investment to increase investment in energy conservation, environmental protection, research and development innovation, and work together to promote global trade, economic openness, and inclusive growth." Wang Shouwen said.