"Insist on using the'golden key' of peace, development, cooperation and win-win to solve the current problems facing the world economy, international trade and investment, and create a better future together!"

  On September 2, President Xi Jinping delivered a video speech at the 2021 China International Trade in Services Global Service Trade Summit, declaring China's determination to deepen reforms, expand opening up, and seek common development with the world.

Photo by Xinhua News Agency reporter Yue Yuewei

  Under the epidemic situation, two consecutive years of video speeches, why did President Xi Jinping attach so much importance to this economic and trade event?

  Take service trade as the engine, and make good use of the "golden key" to solve the world's economic problems——

  "Service trade is an important part of international trade and an important field of international economic and trade cooperation, and plays an important role in building a new development pattern."

  President Xi Jinping’s words show that he attaches great importance to service trade.

  Under the epidemic, service trade has become the most active area of ​​global trade, and the service industry has become a new growth point for the economies of all countries.

Service trade has undoubtedly become an important engine for boosting global economic confidence.

  Last year, the Service Trade Conference took the theme of "Global Services, Mutual Benefits and Sharing", which coincided with the fact that the global epidemic has not yet been fully controlled, and all countries are facing the arduous task of fighting the epidemic, stabilizing the economy, and protecting the people's livelihood.

  Speaking of why China organized such a major international economic and trade event, President Xi Jinping said, "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."

  With the theme of "Digital Opens the Future, Services Promote Development" at the Service Trade Fair this year, the global economy has begun to recover, but the epidemic is still fluctuating.

President Xi Jinping once again emphasized, "We are willing to work with all parties to adhere to open cooperation, mutual benefit and win-win results, and share development opportunities in service trade, so as to promote the recovery and growth of the world economy."

On August 31, 2021, media reporters visited the 2021 China International Service Trade Fair National Convention Center Pavilion.

Photo by Xinhua News Agency reporter Lu Peng

  From the Guangzhou Canton Fair, which focuses on goods export trade, to the Shanghai International Import Expo, which focuses on goods import trade, to the Beijing Service Trade Fair, which focuses on service trade, a new platform for open cooperation created by China, reflecting "Made in China" and "Services in China." The new development model with equal emphasis also releases an important signal for China to accelerate the construction of a new development pattern.

  To welcome customers from all over the world and to benefit from the whole world lies behind China's sincerity and responsibility to use the "golden key" of open cooperation and join hands with the world to create a better future.

  From the "3-point initiative" to the "4 measures", it continues to declare China's high-level opening up——

  Jointly create an open and inclusive environment for cooperation, jointly activate innovation-led cooperation momentum, and jointly create a mutually beneficial and win-win cooperation situation-last year at the Service Trade Conference, President Xi Jinping put forward the three-point initiative, showing China's sincerity in expanding openness under the epidemic.

  Increase the level of openness, expand cooperation space, strengthen the establishment of rules in the service sector, and continue to support the innovative development of small and medium-sized enterprises-the four new measures proposed by President Xi Jinping this year have further demonstrated China's determination to move towards a higher level of openness.

  "Promote the implementation of the cross-border service trade negative list nationwide, and explore the construction of a national service trade innovation development demonstration zone." Chairman Xi Jinping's speech released an important signal to improve the level of openness.

  This means that the cross-border service trade negative list system that was implemented in Hainan in August will soon be rolled out to the whole country. While deepening the pilot service trade innovation development, it will also explore the construction of a national service trade innovation development demonstration zone.

  Not only that, "strengthen the construction of rules in the service sector, and support Beijing and other places to carry out the first trial of international high-level free trade agreement rules." This institutional open arrangement reflects China's determination and action to connect with high standards of international economic and trade rules.

  Faster pace and higher level mean greater open space for cooperation.

  Focus on digital trade, serve the innovation and development of small and medium-sized enterprises, and deliver a clear signal that China is moving towards high-quality development——

  "Number" has once again become a key word.

  At the Service Trade Conference last year, President Xi Jinping proposed that we should follow the development trend of digitalization, networking, and intelligence, and work together to eliminate the "digital divide" and promote the digitalization of trade in services.

  In his speech this year, President Xi Jinping further proposed to create a digital trade demonstration zone.

On August 31, 2021, media reporters visited the National Convention Center Pavilion.

Photo by Xinhua News Agency reporter Lu Peng

  Last year, Beijing promoted the construction of a digital trade pilot zone.

In the future, Beijing and other places will build digital trade demonstration zones.

  From "test zone" to "demonstration zone", it means that from focusing on exploration to focusing on leadership, it can be seen that the country's support for the development of digital trade is conducive to spreading more good experience to the whole country and stimulating the development potential of digital trade on a larger scale.

  Enterprises are the mainstay of innovation. How to stimulate the innovation power of small and medium-sized enterprises, which account for more than 90% of China's 145 million market players?

  "We will continue to support the innovative development of small and medium-sized enterprises, deepen the reform of the New Third Board, set up the Beijing Stock Exchange, and create a main position for service-oriented innovative small and medium-sized enterprises."

  What President Xi Jinping said is an important measure to implement the national innovation-driven development strategy and continue to cultivate new drivers of development. It is also an important part of deepening the structural reform of the financial supply side and improving the multi-level capital market system.

  This means that the deepening of the NEEQ reform has reached a new starting point, and the establishment of the Beijing Stock Exchange based on the existing NEEQ selection layer will further enhance the ability to serve small and medium-sized enterprises and create a main position for serving innovative small and medium-sized enterprises.

  "Digital opens up the future, and services promote development." China is injecting new momentum into the recovery of the world economy with a more open attitude and more pragmatic measures.

  It is unavoidable that the epidemic has impacted the global economy and aggravated the trend of counter-globalization. Digital trade barriers still exist and hinder the normal flow of digital trade. Deepening cooperation and coordination are vital to removing obstacles and releasing innovative vitality.

  The "Golden Key" is already in hand, and starting it requires all countries to join hands and work together!

  Producer: Zhao Cheng

  Planning: Zhang Xudong

  Lead writers: Xie Xiyao, Huang Yue

  Coordinator: Han Jie, Dong Jun, Wang Xuan

  Vision | Editor: Wu Jingjing, Zhang Huihui

  Xinhua News Agency internal production

  Produced by Xinhua News Agency No. 1 Studio

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