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my country continues to reduce negative list for foreign investment access

2024-09-11

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yesterday afternoon (10th), the state council information office held a regular policy briefing of the state council to introduce the "opinions on promoting high-quality development of service trade with high-level opening" and answer questions from reporters. tang wenhong, assistant minister of commerce, said that china has fully fulfilled its wto accession commitments and accelerated the opening up of the service industry. at present, the proportion of service exports and service imports in the world has reached 4.8% and 7.5%. at present, my country's service trade is in an important period of innovation and development. the implementation of the "opinions" will further improve the level of opening up in my country's service sector and promote the convenient cross-border flow of various innovation factors.

service trade has become an important driving force for economic globalization

at present, global service trade and service industry cooperation are developing in depth, and the process of digitalization, intelligence and greening is accelerating. service trade has become an important driving force for economic globalization. tang wenhong introduced that my country regards service trade as an important starting point for expanding high-level opening up and cultivating new momentum for foreign trade development, and continues to promote the accelerated development of service trade. in 1982, when reform and opening up just started, my country's total service trade was only more than 4 billion us dollars. by 2023, the total service trade has reached 933.1 billion us dollars, an increase of 233 times.

from the initial development of service trade driven by reform and opening up to joining the world trade organization, china has fully fulfilled its wto commitments, accelerated the opening up of the service industry, gradually established a service trade management system and promotion system, and started to grow rapidly in the scale of service trade, gradually becoming one of the world's major service trade countries. according to wto statistics, from 2013 to 2023, global service exports grew by an average of 4.9% per year, about twice the growth rate of goods exports, and the proportion of service trade in the total trade in goods and services increased to one-quarter. in 2023, my country's service imports and exports reached 6.6 trillion yuan, a year-on-year increase of 10%, a record high. the proportion of china's service exports and service imports in the world increased from 2.2% and 2.6% at the beginning of its accession to the wto to 4.8% and 7.5% in 2023, respectively.