In the first 10 months, China s total import and export of services increased by 8 7 year on year

Mondo Finance Updated on 2024-01-19

On December 1, the Ministry of Commerce released data showing that from January to October this year, China's services continued to maintain a growth trend. The total import and export volume of services was 53445300 million yuan, a year-on-year increase of 87%。Its **mouth 21826700 million yuan, down 74%;Import 31618600 million yuan, an increase of 235%;Service ** deficit 9791900 million yuan.

Chen Jianwei, a professor at the National Institute of Opening-up at the University of International Economics, said in an interview with the reporter that in the first 10 months, China's services generally maintained a stable growth trend, and the growth rate was faster than the economic growth rate in the same period. Among them, the rapid growth rate of service imports indicates that China's economy has strong endogenous demand.

According to the person in charge of the Department of Trade in Services of the Ministry of Commerce, the development of services in the first 10 months mainly presents two characteristics. First, knowledge-intensive services** continue to grow. From January to October, the import and export of knowledge-intensive services was 2,230.8 billion yuan, a year-on-year increase of 89%。Among them, 12,696 were exported100 million yuan, an increase of 104%, knowledge-intensive services imports 9611900 million yuan, an increase of 71%。The second is the rapid recovery of travel services. From January to October, the import and export of travel services was 11,833600 million yuan, a year-on-year increase of 717%。Among them, exports increased by 538%, imports increased by 732%。

In Chen Jianwei's view, the rapid growth of knowledge-intensive services, and the growth rate of exports is greater than the growth rate of imports, indicating that the international competitiveness of the development of China's knowledge-intensive industries is rising, and has been widely recognized by the international market. In addition, the rapid recovery of travel services indicates that the demand for business travel and tourism in China has been released rapidly, and the demand for overseas travel and business visits has continued to rebound.

In July 2021, the Ministry of Commerce issued the Special Administrative Measures (Negative List) for Cross-border Services in Hainan Free Port (2021 Edition), which is the first negative list published by China in the field of cross-border services.

Zhou Zhonghua, deputy director of the General Department of the Ministry of Commerce, said a few days ago that in the next step, the Ministry of Commerce will take the initiative to connect with high-standard international economic and trade rules, accelerate the introduction and implementation of the national version and the pilot free trade zone version of the negative list of cross-border services, and form an institutional system for the gradient opening of cross-border services.

In addition, Zhou China also revealed that it will promote the introduction of policies on the development of open and innovative development of services, digital reform, innovation and development, upgrade the construction of national service innovation and development demonstration zones, and support the construction of international cooperation zones in places where conditions permit.

At present, digital technology and digital economy are growing day by day, and services** are ushering in new growth opportunities. Fu Yifu, a senior researcher at the Xingtu Financial Research Institute, told the reporter that promoting the introduction of policies such as digital reform, innovation and development will improve the feasibility of China's service industry, and will also promote the continuous growth of digital services, software and information services.

Chen Jianwei believes that under the guidance of the construction of the national service innovation and development demonstration zone and the international cooperation zone, we will create a number of open platforms for services with demonstration and leadership, which may enjoy more convenient market access, more preferential tax policies, and more flexible regulatory mechanisms, so as to promote the innovation and development of services.

Talking about how to further optimize the service structure, Chen Jianwei said that first of all, it is necessary to continue to strengthen the development of the knowledge economy, including encouraging and supporting the creation, protection and application of intellectual property rights, and improving the quality and innovation ability of knowledge-intensive servicesSecond, it is necessary to further promote the development of tourism services, including expanding the diversity of tourism products and services, enhancing the attractiveness and competitiveness of tourist destinations, strengthening the construction of tourism infrastructure, and improving the tourism environment and service qualityThird, considering the existence of a deficit in services, it is necessary to improve the competitiveness and added value of services, and further strengthen the export capacity of services. (Reporter Liu Meng).

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