(2020 Service Trade Fair) Service Trade Fair Observation: What "pits" should China avoid in developing service trade?

　　China News Service, Beijing, September 5th (Reporter Li Xiaoyu Du Yan) China has "speeded up" the service trade.

However, there are three "pits" to avoid on the way forward at full speed.

　　The first "pit" is to care about the imbalance of service trade in the short term.

　　Service trade has long been the main source of China's trade deficit.

Affected by the epidemic, China's service imports have fallen sharply, while exports have been relatively stable. As a result, the service trade deficit has been significantly reduced.

According to official data, China's service trade deficit fell to RMB 448.77 billion in the first seven months of this year, which is about half of the same period last year.

　　At a forum held during the China International Trade in Services Fair in 2020, Long Guoqiang, deputy director of the Development Research Center of the State Council of China, reminded that China should not unilaterally pursue a short-term service trade “turning into profit” and must handle the export and import issues. relationship.

　　He pointed out that compared with paying attention to the imbalance of service trade, China should pay more attention to opening up at this stage to meet the needs of industrial transformation, promote high-quality economic development and consumption upgrading, and promote the comprehensive and healthy development of service trade.

　　It is worth noting that China has made it clear at this service trade conference that it will take the initiative to expand imports of high-quality services.

　　The second "pit" is that the service industry cannot really open up the market.

　　In recent years, China's manufacturing industry has been basically opened up to global investors, but the level of openness in financial, education, and medical services needs to be improved.

　　Long Guoqiang said that the lack of market openness, "no access to business" in some areas, and the relatively lagging domestic regulatory reforms are the fundamental reasons that restrict the competitiveness of China's service industry. Reform and opening up should be further deepened in the future.

　　Hans-Paul Bokner, global chairman of the Boston Consulting Group, also said that China's economy is developing well and has a large number of companies with outstanding performance.

Creating a level playing field and strengthening open cooperation with other countries will benefit China and everyone.

　　The third "pit" is to patronize and open, regardless of risk.

　　"The risks of opening up the service industry are much more uncontrollable than those of the manufacturing industry," said Zhang Wei, vice president of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce of China.

Under this circumstance, which fields should be opened up in China's service industry, how to open up, and at what speed, scientific answers must be obtained through comprehensive risk assessment.

　　She said that China should control the pace and pace of opening up of the service industry under the guidance of WTO rules through its own means, and set some safety exceptions to ensure the healthy development of the service industry.

　　Long Guoqiang also pointed out that risk prevention and control is a prerequisite for the sustainable development of the service industry.

Opening wider to the outside world should be coordinated with the prevention and control of risks, and mutually promoted.

(Finish)