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Experts & Officials

Zhong Shan

General Secretary Xi Jinping stressed in the report to the 19th National Congress of the Communist Party of China that efforts should be made to speed up the development of the service industry, achieve high-level trade in services and investment liberalization and facilitation and make the service industry open wider to the outside world, making clear the direction for the development of China's service industry and providing a rare opportunity for international cooperation in the service field.

 

Since the 18th National Congress of the Communist Party of China, China has taken the initiative to promote the development of the service industry and open up to the outside world. Specifically, China has set up 11 pilot free trade zones in Shanghai and other places, launched a comprehensive pilot program for expanding and opening up the service industry in Beijing and carried out innovation and development experimental programs of trade in services in 15 regions including Tianjin, Shanghai and Hainan. As a result, the development of the service industry and trade in services is boosted, making China's trade in services rank second in the world.

 

So far, the service-oriented manufacturing and digitization-based service industry are seeing accelerated growth. The service industry and the manufacturing industry get deeply integrated, the service link is playing an increasingly more important role in the global value chain and investment cooperation in trade in services has evolved to be an important driving force for world economic growth. As the socialism with Chinese characteristics steps into a new era, to achieve high-quality economic development, actions should be taken to further speed up the development of the service industry, expand international cooperation in the service field and meet people's demands for a better life.

The General Secretary Xi Jinping declared China's new moves to open wider to the outside world at the opening ceremony of Boao Forum for Asia Annual Conference 2018 and also put forward new requirements to speed up the opening up of China's service industry. We should do a good job in implementation and promote open, innovative and integrated development of the service industry.

 

First, we should accelerate the opening up of China's service industry. We should take the initiative to promote the international cooperation along "The Belt and Road", propel the liberalization and facilitation of trade in services, expand the cooperation fields and move the service industry to open up and develop towards a higher level. We will full carry out the management system of the pre-establishment "National Treatment + Negative List" and build an international and convenient business environment ruled by the law. This year, we should spare no effort to host the 1st China International Import Expo in a bid to expand service import.

 

Second, efforts should be made to promote innovative development of trade in services. We have deepened the implementation of innovation and development experimental programs in 17 regions including Beijing in an attempt to advance the innovation of the development mode, opening path and management system of trade in services, speed up the development of the modern service industry and foster new forms and modes of trade in services. We should intensify our efforts in protecting the intellectual property rights and stimulate the innovation vitality of market players.

 

Third, efforts should be made to promote more intensive integrated development. We should facilitate the integrated development between the manufacturing industry and the service industry and among industries sectors, accelerate the service-oriented development of the manufacturing industry, cultivate all-round service providers and get deeper and wider into the global value chain.