Total Trade in Services

Featured Article 2018-10-22 10:42

At present, vigorously developing trade in services is an important way for China to seek closer cooperation with the rest of the world, and also to deeply integrate into the process of economic globalization and expand the global value chains. In recent years, China’s services trade has maintained steady and fairly rapid growth and its structure has been further optimized, becoming an important force for promoting international cooperation. At the same time, the rapid integration of the new generation of information technology with services trade has ensured effective supply and personalized features of the services. 

In the era of economic globalization, the opening up of the service industry has become the main way for all countries to participate in international economic cooperation and competition. As technology- and knowledge-intensive services, the core of the global value chains, have become the key factors affecting international division of labor and distribution of benefits, services trade development is becoming a new engine that stimulates high-quality development of China’s economy.