Hot Interpretation｜Promote the recovery of the world economy, understand the service economy from the speech of President Xi

　　On the evening of September 4, the Beijing National Convention Center, the 2020 China International Service Trade Fair Global Service Trade Summit officially opened.

　　At around 20:3 that night, Chairman Xi Jinping delivered a speech to the summit via video.

After that, many foreign dignitaries and heads of international organizations delivered video speeches.

These transoceanic blessings from different time zones and different continents have brought the world's attention to this high-level summit held in the East, and also conveyed China's determination and confidence in opening up to the world.

　　The 2020 China International Service Trade Fair is referred to as the 2020 Service Trade Fair.

In the context of the global pandemic of the new crown pneumonia epidemic, the 2020 Service Trade Fair is my country's first major international economic and trade event held offline this year.

In his speech, President Xi Jinping firmly stated: "It is to work hand in hand with everyone to overcome the difficulties, and jointly promote the development and prosperity of global service trade, and promote the rapid recovery of the world economy.

　　Over the past six months, the United Nations, the International Monetary Fund, and the OECD have successively issued many reports on world economic development.

"The world economy is expected to decline by 4.9% throughout the year." "The worst recession since the Great Depression in the 1930s." "If there is no global response to the epidemic, the recession will be deeper and longer." ... As the global epidemic has not yet been fully controlled, the world The prospects for economic recovery are uncertain.

　　In March of this year, when President Xi Jinping attended the special summit of the G20 leaders via video, he called for "tariff reduction and exemption, removal of barriers, and smooth trade, sending a strong signal to boost the morale of the world economic recovery." He also cited China will implement various measures to contribute to the stability of the world economy.

　　Service trade is an important part of the world economy.

　　In the past 15 years, China's service imports totaled USD 4.5 trillion, contributing 12.9% to the growth of global service imports.

Especially since the 2008 financial crisis, China's service imports have continuously stimulated the global service market demand and strongly promoted the growth of global service trade.

In 2018, President Xi Jinping predicted at the first China International Import Expo that China's import services will exceed US$10 trillion in the next 15 years.

　　From 4.5 trillion U.S. dollars in 15 years to more than 10 trillion U.S. dollars in 15 years, the ever-increasing amount of service trade is the most eye-catching foothold of China's continuous expansion of the service market.

　　China has been using actions to contribute to the promotion of world economic stability and world trade prosperity.

　　At the moment, the world is undergoing major changes unseen in a century.

In his speech, President Xi Jinping pointed out that the epidemic has accelerated major changes and economic globalization has encountered counter-currents. Protectionism and unilateralism have brought challenges to the production and life of people around the world.

　　At the end of March this year, General Secretary Xi Jinping pointed out when he went to Zhejiang for investigation and research, “Dangers and opportunities always coexist. Overcoming a crisis is an opportunity”; in May, he proposed “Israel "The new development pattern with circulation as the main body and the mutual promotion of domestic and international double cycles"; in August, the general secretary pointed out in a discussion with experts in the economic and social fields, "The new development pattern is by no means a closed domestic cycle, but an open domestic and international double cycle. "...

　　The dialectics of "danger" and "opportunity" are equally applicable in the field of service trade.

　　Communication services, financial services, education services, entertainment, culture and sports services, tourism and travel-related services, health and social services, and other 12 fields, are all included in the service trade by the World Trade Organization.

　　During the epidemic, the widespread application of services such as telemedicine, online education, sharing platforms, collaborative office, and cross-border e-commerce not only met the various needs of people’s daily lives, but also played a significant role in stabilizing and promoting the development of the world economy in extraordinary times. effect.

　　President Xi Jinping put forward three initiatives in his speech at the 2020 China International Trade in Services Global Service Trade Summit: jointly create an open and inclusive cooperation environment; jointly activate innovation-led cooperation momentum; and jointly create a mutually beneficial and win-win cooperation situation.

　　Opening to the outside world has always been China's attitude that President Xi Jinping showed to the world in major international events.

In the new stage of development, China wants to promote a higher level of opening-up, because opening-up is an important driving force for China's economic growth and an objective requirement for world economic development.

　　(CCTV Network of China Central Radio and Television)