(2020 Service Trade Fair) New exploration of service trade helps China to smooth the "double cycle"
China News Service, Beijing, September 5th, title: New exploration of service trade helps China unblock the "double cycle"
China News Agency reporter Li Xiaoyu
At the 2020 China International Trade in Services Fair Global Service Trade Summit held on the 4th, Chinese President Xi Jinping announced that China will unswervingly expand its opening up, and proposed a series of specific measures to promote the development of service trade.
Scholars in Beijing believe that these measures will not only help China build a new development pattern featuring “domestic and international dual-cycle mutual promotion”, but will also inject vitality into the global economy.
Relax market access
Xi Jinping pointed out that China will unswervingly expand its opening to the outside world, establish a sound cross-border service trade negative list management system, promote the establishment of a pilot open platform for the innovative development of service trade, continue to relax market access for the service industry, and actively expand imports of high-quality services.
At present, China's manufacturing industry has basically opened up to global investors, but the level of service industry opening up needs to be improved.
Xing Houyuan, director of the China Service Outsourcing Research Center, said in an interview with a reporter from China News Agency that for a long time, the focus of China’s opening up has been manufacturing, so tangible goods are relatively competitive, and intangible services, especially R&D and other productive services, are relatively weak. , To a certain extent, some key technologies are "stuck", which in turn restricts the rapid development of manufacturing.
She believes that China's clear relaxation of service industry market access and expansion of high-quality service imports will attract more international high-end talents and capital to enter China to provide high-quality services, and expand the opening up from a single product to the entire industrial chain supply chain.
This "a leap from quantitative change to qualitative change" will help make up for the shortcomings of domestic industrial development and improve the overall level of the industry.
Wang Xiaohong, deputy director of the Information Department of the China International Economic Exchange Center, said that the essence of smooth domestic and international double cycles lies in relying on a large-scale market, fully stimulating the huge potential of the domestic market and bringing out the potential of consumption.
The expansion of market access for the service industry is one of the key links in opening up the "double cycle".
As the epidemic continues to spread, leading to a downturn in the world economy and a sharp decline in international demand, China is pushing the development of service trade, opening its doors to welcome high-quality services from all countries, and will provide a large and dynamic market for global companies.
This will not only promote the upgrading of domestic industries, but also bring new growth points to the troubled world economy.
Zang Yueru, director of the Market and Price Research Institute of the China Macroeconomic Research Institute, also stated that the introduction of more high-quality and efficient services through the opening of the market, especially the full activation and release of the service consumption potential of education, elderly care, medical care, and tourism, will provide better support. The consumption structure and quality upgrade, which in turn forced the supply structure and quality to increase substantially.
This is an important driving force that promotes the domestic and international double cycle, and it is also a strong engine that balances supply and demand at a higher level.
Promote coordination of rules
Xi Jinping stated that China will actively respond to the actual needs of the development of service trade, promote the coordination of service rules at the multilateral and regional levels, continuously improve global economic governance, and promote inclusive growth of the world economy.
Zang Yueru said that under the epidemic, the external environment is more complicated, and international economic and trade rules are facing major adjustments.
Under this circumstance, unblocking the domestic and international dual circulation is not only unblocking the flow of people, logistics, and factors, but more importantly, promoting the organic compatibility of domestic and foreign market rules and standards.
Analysts believe that China's active promotion of multilateral, regional and other levels of service rules coordination is conducive to promoting the unified integration of domestic and foreign market rules, and more proactively integrating into the world economic system.
Focus on the digital economy
Xi Jinping also pointed out that China will expand its characteristic service export bases and develop new formats and new models of service trade.
China is willing to work with other countries to strengthen macro-policy coordination, accelerate international cooperation in the digital field, increase intellectual property protection, and actively promote the vigorous development of the digital economy and sharing economy, so as to promote the continued vitality of the world economy.
Wang Xiaohong said that keeping an eye on emerging industries and future industries and improving the status of enterprises in the global market is the meaning of the smooth domestic and international double cycle.
This time China emphasizes the promotion of the development of the digital economy and the sharing economy, and speeds up international cooperation in the digital field, which will help the economy complete the conversion of new and old kinetic energy as soon as possible and gain an advantage in the new round of international competition.
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