Core Viewpoint - The Chinese government is accelerating the implementation of policies to support service trade, indicating a positive growth trend in this sector [1][2]. Group 1: Policy Initiatives - The State Council's recent study emphasizes the need to enhance the international competitiveness of service exports, focusing on areas such as research, consulting, e-commerce, and digital service trade [2]. - The Ministry of Commerce plans to introduce a series of measures to promote service exports, including optimizing zero tax rate declaration procedures and increasing export credit insurance support [2][5]. - The government aims to leverage the effects of visa-free policies to attract more foreign tourists, thereby boosting travel service exports [2][3]. Group 2: Service Trade Growth - The global service export is projected to grow by 4% by 2025, with major economies showing robust growth in service trade during the first half of the year [1]. - In the first half of the year, transportation service exports reached 418.5 billion yuan, growing by 23.9%, while travel service exports surged to 174.87 billion yuan, marking a 68.7% increase [2][5]. Group 3: Digital Service Trade - The development of digital service trade is prioritized, with a focus on cross-border e-commerce and the digital transformation of trade processes [3]. - The Ministry of Commerce is set to promote and regulate cross-border data flow, which is crucial for many multinational companies [3]. Group 4: Negative List Management - The reduction of the negative list for cross-border service trade is a key strategy for expanding service imports [3][4]. - The government is actively monitoring the implementation of the negative list and addressing any challenges that arise [4]. Group 5: Future Outlook - The next phase is expected to see increased support from fiscal, tax, financial, and regulatory measures for service trade, particularly service exports [5]. - Overall, service trade is anticipated to maintain growth throughout the year, with an ongoing optimization of trade structure [5].
多方紧密部署 服务贸易系列政策加快“落子
Shang Hai Zheng Quan Bao·2025-08-28 12:16