China Unveils Plan to‌ Boost High-Quality Development of Service Trade

The General⁣ Office of the State Council ⁣has issued the “Opinions on Promoting⁢ High-Quality Development of Service Trade through High-Level Opening-up” to drive the‍ growth of ⁢China’s service trade sector.

Guided by Xi⁣ Jinping Thought on ⁣Socialism⁢ with Chinese Characteristics for a New ⁢Era, the “Opinions”‍ aim to accelerate the construction of a new development pattern, focusing on promoting ⁤high-quality development, coordinating development and security, and cultivating‍ development momentum⁢ through⁤ service innovation.

The plan proposes 20 key tasks ⁤in⁣ five areas, including:

• Promoting institutional ⁣opening of trade in ‌services, establishing and improving the negative list management system for cross-border trade in ​services.
• Promoting‌ cross-border flow of resource elements, facilitating the ‍cross-border flow of professional talents, optimizing the management of cross-border capital flows.
• Promoting innovation and‍ development in key areas, enhancing international transportation service capabilities, and supporting the‌ international ⁤development of ‍professional services.
• Expanding the international market layout, deepening international‌ cooperation in ‌trade in services, and establishing and improving a system ⁢to promote trade in services.
• Improving the support system, innovating supporting policies and measures, and strengthening regional cooperation in trade ⁣in services.

The “Opinions” require all regions and relevant departments to fully recognize ‍the importance of vigorously developing trade in services, stimulate new momentum for the development of trade in services by expanding opening-up‌ and innovation-driven‌ development, ‍and implement the plan to create ‍an​ environment for the development of trade ⁣in⁣ services that expands opening-up, encourages innovation, promotes fair competition, and is​ standardized and ​orderly.

Key Areas of Focus

The plan highlights several key areas ‌of focus, including:

• International transportation services
• Travel services
• Professional services, such as finance, consulting, design, certification, and⁣ accreditation
• Traditional‍ advantageous⁤ services
• Green and low-carbon development

Implementation and⁣ Next Steps

The “Opinions” require all regions and relevant departments to implement ⁣the ⁣plan and⁤ create an environment ⁣for the development of trade in services that expands opening-up, encourages innovation, promotes⁢ fair competition, and is⁤ standardized and orderly.